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

This notification concerns the following undertakings:

• Iberdrola Clientes, S.A.U. (Spain) and Iberdrola Clientes Portugal, Unipessoal, Lda (Portugal), controlled by Iberdrola, S.A. (“Iberdrola”); and • BP Energía España, S.A.U. (Spain) and BP Portugal, Comércio de Combustíveis e Lubrificantes, S.A. (Portugal), controlled by BP p.l.c. (“BP plc”).

Iberdrola Clientes, S.A.U. and Iberdrola Clientes Portugal, Unipessoal, Lda, on the one hand, and BP Energía España, S.A.U. and BP Portugal, Comércio de Combustíveis e Lubrificantes, S.A., on the other hand, acquire within the meaning of Article 3(1), point (b) and Article 3(4) of the Merger Regulation joint control of a full-function joint venture newly incorporated in Spain (the “Joint Venture”).

The concentration is accomplished by way of purchase of shares.

The business activities of the undertakings concerned are:

• for Iberdrola: global integrated energy company headquartered in Bilbao (Spain), and active in the energy sector throughout its entire value chain, with a particular focus on the generation, commercialisation and distribution of renewable energy;

• for BP plc: integrated energy company headquartered in London (UK) with operations in Europe, North and South America, Australasia, Asia and Africa, focused around four business groups: (i) production and operations of hydrocarbons (oil and gas); (ii) customers and products – which is growing bp’s convenience and mobility offers for customers; (iii) gas and low carbon energy (including renewables and integrated gas); and (iv) innovation and engineering for driving digital transformation;

• for the Joint Venture: limited liability company headquartered in Madrid (Spain) with a direct subsidiary incorporated in Portugal and active in the installation, operation and maintenance of a public network of EV charging stations with charging speeds in excess of 50 kW in Spain and Portugal.

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