1.   

On 2 October 2020, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—	MVM Magyar Villamos Művek Zártkörűen Működő Részvénytársaság (‘MVM’, Hungary),

—	innogy Česká republika a.s. (‘iCR’, Czechia).

MVM acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of iCR.

The concentration is accomplished by way of purchase of shares.

2.   

The business activities of the undertakings concerned are:

—

MVM is a state-owned vertically integrated energy group with a portfolio that covers the entire Hungarian energy system. MVM is involved in heat generation, electricity trading, gas trading and storage, transmission system operation, wholesale and retail supply of gas and electricity, district heating, and telecommunication services,

—	iCR is active in the electricity and gas retail business in the Czech Republic, combined with generation, wholesale, distribution and some additional non-core activities.

3.   

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.   

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.9927 — MVM/iCR

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË