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Press release from the Competition Council regarding the economic concentration project concerning the joint control acquisition of the
company “IDESAMGAR S.L.” by the company “ENGIE S.A.” and the company
“General Electric Company S.A.”
In accordance with Article 13 of Law 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation as amended and supplemented, the Competition Council makes available to the public the “summary of the operation” below, containing the information provided by the parties.
This information has been prepared by the notifying parties, who are solely responsible for it. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.
Names of the companies and individuals involved:
– The acquirers: “ENGIE S.A.” and “General Electric Company S.A.”;
– The target: “IDESAMGAR S.L.”.
Nature of the operation:
– Joint control acquisition.
Economic sector concerned:
– Renewable energy market.
Deadline for interested third parties to submit their observations:
– 10 days from the date of publication of this press release, i.e., December 4, 2023.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
The Competition Council received a notification of an economic concentration operation under which the companies “ENGIE S.A.” and “General Electric Company S.A.” intend to acquire joint control of the company “IDESAMGAR S.L.”.
“ENGIE S.A.” is a French public limited company active in the gas, electricity, and energy-related services sectors.
“General Electric Company S.A.” is a global industrial group active in the fields of production, technologies, and services.
“IDESAMGAR S.L.” is a Spanish limited liability company specializing in electricity production from wind sources and owns wind farms in Spain.
Done in Rabat on November 23, 2023
