# C_2017077EN.01000401.xml

| 11.3.2017 | EN | Official Journal of the European Union | C 77/4 |
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11.3.2017

EN

Official Journal of the European Union

C 77/4

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Prior notification of a concentration

(Case M.8419 — SEGRO/PSPIB/SELP/Target assets)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 77/04)

| 1. | On 6 March 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 SEGRO plc (‘SEGRO’, United Kingdom) and Public Sector Pension Investment Board (‘PSPIB’, Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation, through SEGRO European Logistics Partnership Sàrl (‘SELP’, Luxembourg), joint control over three income-producing logistics assets in Italy (jointly ‘Target assets’), by way of purchase of assets. |
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1.

On 6 March 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 SEGRO plc (‘SEGRO’, United Kingdom) and Public Sector Pension Investment Board (‘PSPIB’, Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation, through SEGRO European Logistics Partnership Sàrl (‘SELP’, Luxembourg), joint control over three income-producing logistics assets in Italy (jointly ‘Target assets’), by way of purchase of assets.

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| 2. | The business activities of the undertakings concerned are:
  —   for SEGRO: ownership, asset management and development of modern warehousing, light industrial and data centre properties,
  —   for PSPIB: management of a diversified global portfolio including stocks, bonds and other fixed-income securities, and investments in private equity, real estate, infrastructure and natural resources and private debt,
  —   for Target assets: three logistics warehouse assets located in Italy, comprised of Bologna DC9 and Bologna DC13, both located in Interporto, Bologna, and Piacenza DC4 located in Piacenza, Milan. |
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2.

The business activities of the undertakings concerned are:

—   for SEGRO: ownership, asset management and development of modern warehousing, light industrial and data centre properties,

for SEGRO

—   for PSPIB: management of a diversified global portfolio including stocks, bonds and other fixed-income securities, and investments in private equity, real estate, infrastructure and natural resources and private debt,

for PSPIB

—   for Target assets: three logistics warehouse assets located in Italy, comprised of Bologna DC9 and Bologna DC13, both located in Interporto, Bologna, and Piacenza DC4 located in Piacenza, Milan.

for Target assets

| 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.8419 — SEGRO/PSPIB/SELP/Target assets, 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.8419 — SEGRO/PSPIB/SELP/Target assets, 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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