# C_2017111EN.01001601.xml

| 8.4.2017 | EN | Official Journal of the European Union | C 111/16 |
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8.4.2017

EN

Official Journal of the European Union

C 111/16

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Prior notification of a concentration

(Case M.8463 — CPPIB/PSPIB/Waiheke)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 111/15)

| 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 Canada Pension Plan Investment Board (‘CPPIB’, Canada) and Public Sector Pension Investment Board (‘PSPIB’, Canada), will indirectly acquire, by way of purchase of shares, joint control within the meaning of Article 3(1)(b) of the Merger Regulation, of PSPIB Waiheke Inc. (‘Waiheke’, New Zealand). |
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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 Canada Pension Plan Investment Board (‘CPPIB’, Canada) and Public Sector Pension Investment Board (‘PSPIB’, Canada), will indirectly acquire, by way of purchase of shares, joint control within the meaning of Article 3(1)(b) of the Merger Regulation, of PSPIB Waiheke Inc. (‘Waiheke’, New Zealand).

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| 2. | The business activities of the undertakings concerned are:
  —   for CPPIB: investing the funds of the Canada Pension Plan and is based in Toronto. CPPIB principally invests in public equities, private equities, real estate, infrastructure and fixed income investments.
  —   for PSPIB: investing of net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. PSPIB manages a diversified global portfolio including stocks, bonds and other fixed-income securities, and investments in private equity, real estate, infrastructure, natural resources and private debt.
  —   for Waiheke: managing a diversified portfolio of office and retail properties in New Zealand. Waiheke is currently fully owned and solely controlled by PSPIB. |
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2.

The business activities of the undertakings concerned are:

—   for CPPIB: investing the funds of the Canada Pension Plan and is based in Toronto. CPPIB principally invests in public equities, private equities, real estate, infrastructure and fixed income investments.

for CPPIB

—   for PSPIB: investing of net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. PSPIB manages a diversified global portfolio including stocks, bonds and other fixed-income securities, and investments in private equity, real estate, infrastructure, natural resources and private debt.

for PSPIB

—   for Waiheke: managing a diversified portfolio of office and retail properties in New Zealand. Waiheke is currently fully owned and solely controlled by PSPIB.

for Waiheke

| 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 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 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.8463 — CPPIB/PSPIB/Waiheke, 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.8463 — CPPIB/PSPIB/Waiheke, 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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