# C_2017113EN.01000901.xml

| 11.4.2017 | EN | Official Journal of the European Union | C 113/9 |
| --- | --- | --- | --- |

11.4.2017

EN

Official Journal of the European Union

C 113/9

---

Prior notification of a concentration

(Case M.8446 — ELO/AP1/Real estate portfolio in Finland)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 113/07)

| 1. | On 4 April 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Elo Mutual Pension Insurance Company (‘ELO’, Finland) and Första AP-fonden (‘AP1’, Sweden) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of a portfolio of several real estate properties in Finland (‘the Target’) by way of purchase of shares. |
| --- | --- |

1.

On 4 April 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Elo Mutual Pension Insurance Company (‘ELO’, Finland) and Första AP-fonden (‘AP1’, Sweden) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of a portfolio of several real estate properties in Finland (‘the Target’) by way of purchase of shares.

1

| 2. | The business activities of the undertakings concerned are:
  —   for ELO: customer-owned employment pension company in Finland;
  —   for AP1: Swedish pension fund which acts as a buffer fund in the Swedish national income pension system;
  —   for the Target: ten real estate assets in eight cities in Finland (Helsinki, Joensuu, Jyväskylä, Kokkola, Kouvola, Kuopio, Oulu and Tampere) leased for retail, office and parking space use, with an overall surface of approximately 100 000 square metres. These assets are currently solely controlled by ELO. |
| --- | --- |

2.

The business activities of the undertakings concerned are:

—   for ELO: customer-owned employment pension company in Finland;

for ELO

—   for AP1: Swedish pension fund which acts as a buffer fund in the Swedish national income pension system;

for AP1

—   for the Target: ten real estate assets in eight cities in Finland (Helsinki, Joensuu, Jyväskylä, Kokkola, Kouvola, Kuopio, Oulu and Tampere) leased for retail, office and parking space use, with an overall surface of approximately 100 000 square metres. These assets are currently solely controlled by ELO.

for the Target

| 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 this Notice. |
| --- | --- |

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 this Notice.

2

| 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. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8446 — ELO/AP1/Real estate portfolio in Finland, to the following address:





  European Commission |
| --- | --- |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

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. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8446 — ELO/AP1/Real estate portfolio in Finland, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

1

(2)  OJ C 366, 14.12.2013, p. 5.

2

---