EUROPEAN COMMISSION DAILY NEWS – 03 NOVEMBER

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EUROPEAN COMMISSION DAILY NEWS - 03 NOVEMBER
03 Nov 2014

EUROPEAN COMMISSION DAILY NEWS – 03 NOVEMBER

Brussels Daily

Juncker Commission takes office

The Juncker Commission officially started its term of office on 1 November 2014 which will run until 31 October 2019. On this occasion, European Commission President Jean-Claude Juncker said: “Thanks to the democratic support of European citizens, the European Parliament and Heads of State and government, today the new Commission takes office. Now it’s time to roll up the sleeves and get down to work. Europe’s challenges cannot wait. As of today, my team and I will work hard to deliver Europe the new start we have promised. Together with a strong and experienced team I look forward to deliver for Europe during the next five years.” Read the press release. The new European Commission website is online: http://ec.europa.eu/index_en.htm.

New Spokesperson’s Service of the European Commission

The full list of the members of the new Spokesperson’s Service is available here:

http://ec.europa.eu/dgs/communication/about/contact_us/ec_spokespersons/index_en.htm

College agenda

On Wednesday 5 November 2014, the College will meet for the first time. This will be an opportunity for President Juncker together with the new members of the College to have a general debate on the challenges lying ahead both on the economic and external relations front as well as a general discussion on the new way of working together in project teams.

2014 Autumn Economic forecast

On Tuesday 4 November at 11:00, Vice-President Katainen and Commissioner Moscovici will come down to the press room to present the Commission’s 2014 autumn economic forecast. The forecast is about the national facts and figures. It offers the Commission’s understanding of the economic environment in the Member States that will guide the Commission’s further work in the area of economic governance.

Mergers: Commission clears acquisition of a controlling stake in 5 solar parks in France by Natixis

The European Commission has approved under the EU Merger Regulation the acquisition of joint control over the solar parks La Compagnie du Soleil Investissement 1, La Compagnie du Soleil Investissement 2, La Compagnie du Soleil Investissement 5, La Compagnie du Soleil Investissement 9 and La Compagnie du Soleil Grand Ouest by GDF Suez, SOPER and Natixis, all of France. Currently the solar parks are jointly controlled by GDF Suez and SOPER. Natixis is a French corporate and investment bank, which is controlled by La Caisse d’Epargne. The Commission concluded that the proposed acquisition would not raise competition concerns, because the overlaps between the parties’ activities in the markets concerned are limited. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.7352.

Mergers: Commission clears acquisition of Tranquilidade by Apollo

The European Commission has approved under the EU Merger Regulation the acquisition of Companhia de Seguros Tranquilidade S.A. of Portugal by investment funds managed by affiliates of Apollo Management L.P. of the United States. Affiliates of Apollo invest in companies and debt issued by companies involved in various businesses throughout the world. Examples of current investments include, inter alia, companies in the chemical, cruise line, logistics, paper, and metals businesses. Tranquilidade provides insurance products and services mainly in Portugal. The Commission concluded that the proposed acquisition would raise no competition concerns because of the companies’ moderate combined market shares on the markets concerned. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.7409.

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