Brussels, 15.12.2017

C(2017) 8906

To the Notifying Party

Subject:Case M.8717 – ENGIE / IPM ENERGY TRADING / INTERNATIONAL POWER FUEL COMPANY  
Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 1 and Article 57 of the Agreement on the European Economic Area 2  

Dear Sir or Madam,

1.On 23 November 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Engie S.A. ("Engie", France) indirectly acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control over the whole of the undertakings IPM Energy Trading Limited ("IPMETL", the UK), controlled by Engie (France) and Mitsui Co., Ltd (Japan), and International Power Fuel Company Limited ("IPFC", the UK), controlled by Engie (France) and Mitsui Co. , Ltd. (Japan) by way of purchase of shares. 3

2.The business activities of the undertakings concerned are:

-for Engie: global energy player active across the entire energy value chain in the fields of gas, electricity and energy services,

-for IPMETL: providing energy trading services to the wholesale gas and electricity markets in Great Britain,

-for IPFC: providing natural gas shipping services in Great Britain.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(d) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004. 4

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

(Signed)

Johannes LAITENBERGER
Director-General

(1)

   OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

(2)      OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement').

(3)      Publication in the Official Journal of the European Union No C 406, 30.11.2017, p. 3.

(4)

     OJ C 366, 14.12.2013, p. 5.