# m8816.docx

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EUROPEAN COMMISSION

Brussels, 12.3.2018

C(2018) 1595 final

PUBLIC VERSION

To the notifying parties:

To the notifying parties

:

Subject:Case M.8816 – GOLDMAN SACHS / CENTERBRIDGE / ROBYG

  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
  1
  and Article 57 of the Agreement on the European Economic Area
  2

Subject

:

Case M.

8816

–

GOLDMAN SACHS / CENTERBRIDGE / ROBYG

Commission decision pursuant to Article 6(1

)(

b) of Council Regulation (EC)

No

139/2004

1

and Article 57 of the Agreement on the European Economic Area

2

Dear Sir or Madam,

Dear Sir or Madam,

1.On 14 February 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which The Goldman Sachs Group, Inc. (‘Goldman Sachs’, USA), and Centerbridge Partners, LP (‘Centerbridge’, USA), acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Robyg SA (‘Robyg’, Poland). The concentration is accomplished by way of purchase of shares.
  3

1.

On

14 February 2018

,

the

European

Commission received notification of a proposed concentration pursuant to Article 4 of

the

Merger

Regulation by which

The Goldman Sachs Group, Inc. (‘Goldman Sachs’, USA), and

Centerbridge

Partners, LP (‘

Centerbridge

’, USA), acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of

Robyg

SA (‘

Robyg

’, Poland). The concentration is accomplished by way of purchase of shares

.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

-for Goldman Sachs: global investment banking, securities and investment management,

-

for Goldman Sachs

: global investment banking, securities and investment management,

-for Centerbridge: investment management focused on private equity and distressed investment opportunities,

-

for

Centerbridge

:

investment management focused on private equity and distressed investment opportunities,

-for Robyg: indirectly solely controlled by Goldman Sachs, construction and sale of flats and commercial real estate in Poland.

-

for

Robyg

:

indirectly solely controlled by Goldman Sachs, construction and sale of flats and commercial real estate in Poland.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
  4

3.

After examination of the notification, the

European

Commission has concluded that the notified operation falls within the scope of

the

Merger

Regulation

and of

paragraph 5

(

b

)

of

the Commission Notice on a simplified procedure for treatment of certain concentrations under

Council Regulation (EC)

No

139/2004

.

4

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

4.

For the reasons set out in the Notice on a simplified procedure, the

European

Commission has decided not to oppose the notified operation and to declare it compatible with the

internal

market and with the EEA Agreement. This decision is adopted in application of Article 6(1

)(

b) of

the

Merger

Regulation

and Article 57 of the EEA Agreement

.

For the Commission

For the Commission

(Signed)

Johannes LAITENBERGER
  Director-General

(1)


     OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

OJ C 366, 14.12.2013, p. 5.