Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

The notified concentration concerns the acquisition by Ulfstead Bidco Limited (a company jointly controlled by funds managed by Dalmore Capital Limited ("Dalmore") and Generation Capital LTD ("Generation")) of 30% of the shares in Porterbrook Holdings I Limited ("Porterbrook"). The Transaction will result in the acquisition by Dalmore and Generation of joint control over Porterbrook within the meaning of Article 3(1)(b) and (4) of the Merger Regulation, alongside the existing jointly controlling undertakings, Allianz Infrastructure Luxembourg I S.à r.l ("Allianz Infrastructure") and Alberta Investment Management Corporation ("AIMCo").

The areas of activity of the undertakings concerned by the Transaction are as follows:

-- Dalmore Capital Limited is an independent fund management company focusing on lower risk opportunities for institutional investors in the UK infrastructure sector. Dalmore is established in the UK.

-- Generation is a listed fund in Israel, focused on investments in the infrastructure and energy sectors. Generation is established in Israel.

-- Allianz Infrastructure focuses its investments on direct investments, renewable energy and indirect investments in private equity. It is part of the Allianz group, which offers a comprehensive range of insurance and asset management products and services to both private and corporate customers in more than 70 countries, with the largest of its operations in Europe. Allianz Infrastructure is established in Luxembourg.

-- AIMCo is one of Canada's largest and most diversified institutional investment fund managers, investing globally on behalf of its clients, various pension, endowment and government funds in the Province of Alberta. AIMCo is established in Canada.

-- Porterbrook specialises in the supply of all types of railway rolling stock and associated equipment to British passenger train operating companies and freight companies. Porterbrook is established in the UK.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

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