# C_2017111EN.01001501.xml

| 8.4.2017 | EN | Official Journal of the European Union | C 111/15 |
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8.4.2017

EN

Official Journal of the European Union

C 111/15

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Prior notification of a concentration

(Case M.8427 — KKR/Telefónica/Telxius)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 111/14)

| 1. | On 3 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 KKR & Co. L.P. (‘KKR’, USA) and Telefónica, SA (‘Telefónica’, Spain) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Telxius Telecom, SA (‘Telxius’, Spain) by way of a purchase of shares. |
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1.

On 3 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 KKR & Co. L.P. (‘KKR’, USA) and Telefónica, SA (‘Telefónica’, Spain) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Telxius Telecom, SA (‘Telxius’, Spain) by way of a purchase of shares.

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| 2. | The business activities of the undertakings concerned are:






  — | KKR is a global investment firm which offers a broad range of alternative asset management services to public and private market investors and provides capital markets solutions for the firm, its portfolio companies and clients, |
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2.

The business activities of the undertakings concerned are:

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KKR is a global investment firm which offers a broad range of alternative asset management services to public and private market investors and provides capital markets solutions for the firm, its portfolio companies and clients,

| — | Telefónica is a global telecommunications operator and mobile network provider, operating under a number of brands, including Movistar, O2 and Vivo, representing mobile, landline, internet and television telecommunication services, |
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Telefónica is a global telecommunications operator and mobile network provider, operating under a number of brands, including Movistar, O2 and Vivo, representing mobile, landline, internet and television telecommunication services,

| — | Telxius owns a group of telecom infrastructure assets, including telecommunications towers and subterranean cables through which it provides infrastructure services. |
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Telxius owns a group of telecom infrastructure assets, including telecommunications towers and subterranean cables through which it provides infrastructure services.

| 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. |
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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.

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| 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.8427 — KKR/Telefónica/Telxius, to the following address:





  European Commission |
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| 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.8427 — KKR/Telefónica/Telxius, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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

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

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