# C_2017081EN.01001301.xml

| 16.3.2017 | EN | Official Journal of the European Union | C 81/13 |
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Prior notification of a concentration

(Case M.8420 — Megatrends European Holdings/Allianz/Kamppi Shopping Centre)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 81/11)

| 1. | On 9 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 Megatrends European Holdings SARL (‘Megatrends’, Luxembourg) and Allianz SE (‘Allianz’, Germany) indirectly acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of the undertaking NRF (Finland) AB, which in turn ultimately controls the Kamppi Shopping Centre, by way of purchase of shares. |
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| 2. | The business activities of the undertakings concerned are:
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Megatrends is a wholly owned subsidiary of the European Cities Fund (‘ECF’), an investment vehicle launched by TH Real Estate (‘THRE’). THRE is a real estate management and investment company. It is the subsidiary of Teachers Insurance and Annuity Association of America (‘TIAA’), a legal reserve life insurance company within the meaning of the regulations of the State of New York in the United States of America. TIAA’s main activity is providing investment products and services to those who work in the academic, research, medical and cultural fields in the USA. TIAA’s European activities consist primarily of investments in real estate and agricultural land. —
Allianz is the ultimate holding company of the Allianz Group. The Allianz Group is a multinational financial service provider which is active worldwide in the insurance and asset management business. —
The Kamppi Shopping Centre is a subsidiary of Kamppi Center Holdings Oy, which is ultimately controlled by NRF (Finland) AB. The Kamppi Shopping Centre is located in Helsinki (Finland) and has a gross leasable area of 44 704 sq. m. It had 41,5 million visitors in 2016. The property is let to 121 commercial tenants, which operate retail shops, cafés and restaurants. | — | Megatrends is a wholly owned subsidiary of the European Cities Fund (‘ECF’), an investment vehicle launched by TH Real Estate (‘THRE’). THRE is a real estate management and investment company. It is the subsidiary of Teachers Insurance and Annuity Association of America (‘TIAA’), a legal reserve life insurance company within the meaning of the regulations of the State of New York in the United States of America. TIAA’s main activity is providing investment products and services to those who work in the academic, research, medical and cultural fields in the USA. TIAA’s European activities consist primarily of investments in real estate and agricultural land. | — | Allianz is the ultimate holding company of the Allianz Group. The Allianz Group is a multinational financial service provider which is active worldwide in the insurance and asset management business. | — | The Kamppi Shopping Centre is a subsidiary of Kamppi Center Holdings Oy, which is ultimately controlled by NRF (Finland) AB. The Kamppi Shopping Centre is located in Helsinki (Finland) and has a gross leasable area of 44 704 sq. m. It had 41,5 million visitors in 2016. The property is let to 121 commercial tenants, which operate retail shops, cafés and restaurants. |
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| — | Megatrends is a wholly owned subsidiary of the European Cities Fund (‘ECF’), an investment vehicle launched by TH Real Estate (‘THRE’). THRE is a real estate management and investment company. It is the subsidiary of Teachers Insurance and Annuity Association of America (‘TIAA’), a legal reserve life insurance company within the meaning of the regulations of the State of New York in the United States of America. TIAA’s main activity is providing investment products and services to those who work in the academic, research, medical and cultural fields in the USA. TIAA’s European activities consist primarily of investments in real estate and agricultural land. | | | | | | |
| — | Allianz is the ultimate holding company of the Allianz Group. The Allianz Group is a multinational financial service provider which is active worldwide in the insurance and asset management business. | | | | | | |
| — | The Kamppi Shopping Centre is a subsidiary of Kamppi Center Holdings Oy, which is ultimately controlled by NRF (Finland) AB. The Kamppi Shopping Centre is located in Helsinki (Finland) and has a gross leasable area of 44 704 sq. m. It had 41,5 million visitors in 2016. The property is let to 121 commercial tenants, which operate retail shops, cafés and restaurants. | | | | | | |

| 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.8420 — Megatrends European Holdings/Allianz/Kamppi Shopping Centre, to the following address:
European Commission Directorate-General for Competition Merger Registry 1049 Bruxelles/Brussel BELGIQUE/BELGIË | European Commission | Directorate-General for Competition | Merger Registry | 1049 Bruxelles/Brussel | BELGIQUE/BELGIË |
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| 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’).

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

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