# Official Journal C 406/2017

| | ISSN 1977-091X |
| --- | --- |
| Official Journal
  of the European Union | C 406 |
| | |
| English edition | Information and Notices | Volume 6030 November 2017 |

ISSN 1977-091X

Official Journal

of the European Union

C 406

English edition

Information and Notices

Volume 6030 November 2017

---

| Notice No | Contents | page |
| --- | --- | --- |
| | II   Information |
| | INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2017/C 406/01 | Non-opposition to a notified concentration (Case M.8668 — DER Touristik/EXIM) (
  1
  ) | 1 |
| 2017/C 406/02 | Non-opposition to a notified concentration (Case M.8661 — Oaktree/PIMCO/Real Estate Portfolio) (
  1
  ) | 1 |

Notice No

Contents

page

II   Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2017/C 406/01

Non-opposition to a notified concentration (Case M.8668 — DER Touristik/EXIM) (
  1
  )

1

1

2017/C 406/02

Non-opposition to a notified concentration (Case M.8661 — Oaktree/PIMCO/Real Estate Portfolio) (
  1
  )

1

1

---

| | IV   Notices |
| --- | --- |
| | NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2017/C 406/03 | Euro exchange rates | 2 |

IV   Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2017/C 406/03

Euro exchange rates

2

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| | V   Announcements |
| --- | --- |
| | PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY |
| | European Commission |
| 2017/C 406/04 | Prior notification of a concentration (Case M.8717 — Engie/IPM Energy Trading/International Power Fuel Company) — Candidate case for simplified procedure (
  1
  ) | 3 |
| 2017/C 406/05 | Prior notification of a concentration (Case M.8664 — WME IMG/Perform/PIMGSA) — Candidate case for simplified procedure (
  1
  ) | 5 |
| 2017/C 406/06 | Prior notification of a concentration (Case M.8647 — Värde/Fraikin) — Candidate case for simplified procedure (
  1
  ) | 6 |

V   Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

2017/C 406/04

Prior notification of a concentration (Case M.8717 — Engie/IPM Energy Trading/International Power Fuel Company) — Candidate case for simplified procedure (
  1
  )

1

3

2017/C 406/05

Prior notification of a concentration (Case M.8664 — WME IMG/Perform/PIMGSA) — Candidate case for simplified procedure (
  1
  )

1

5

2017/C 406/06

Prior notification of a concentration (Case M.8647 — Värde/Fraikin) — Candidate case for simplified procedure (
  1
  )

1

6

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| | |
| --- | --- |
| | (1)   Text with EEA relevance. |

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(1)   Text with EEA relevance.

1

| EN | |
| --- | --- |

EN

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II Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 30.11.2017 | EN | Official Journal of the European Union | C 406/1 |
| --- | --- | --- | --- |

30.11.2017

EN

Official Journal of the European Union

C 406/1

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Non-opposition to a notified concentration

(Case M.8668 — DER Touristik/EXIM)

(Text with EEA relevance)

(2017/C 406/01)

On 24 November 2017, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32016M8668. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32016M8668. EUR-Lex is the online access to European law.

---

(1)  OJ L 24, 29.1.2004, p. 1.

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| 30.11.2017 | EN | Official Journal of the European Union | C 406/1 |
| --- | --- | --- | --- |

30.11.2017

EN

Official Journal of the European Union

C 406/1

---

Non-opposition to a notified concentration

(Case M.8661 — Oaktree/PIMCO/Real Estate Portfolio)

(Text with EEA relevance)

(2017/C 406/02)

On 23 November 2017, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8661. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8661. EUR-Lex is the online access to European law.

---

(1)  OJ L 24, 29.1.2004, p. 1.

---

IV Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 30.11.2017 | EN | Official Journal of the European Union | C 406/2 |
| --- | --- | --- | --- |

30.11.2017

EN

Official Journal of the European Union

C 406/2

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Euro exchange rates (1)

29 November 2017

(2017/C 406/03)

1 euro =

| | Currency | Exchange rate |
| --- | --- | --- |
| USD | US dollar | 1,1827 |
| JPY | Japanese yen | 132,24 |
| DKK | Danish krone | 7,4423 |
| GBP | Pound sterling | 0,88293 |
| SEK | Swedish krona | 9,9150 |
| CHF | Swiss franc | 1,1664 |
| ISK | Iceland króna | |
| NOK | Norwegian krone | 9,7410 |
| BGN | Bulgarian lev | 1,9558 |
| CZK | Czech koruna | 25,474 |
| HUF | Hungarian forint | 311,59 |
| PLN | Polish zloty | 4,2006 |
| RON | Romanian leu | 4,6440 |
| TRY | Turkish lira | 4,6794 |
| AUD | Australian dollar | 1,5627 |
| CAD | Canadian dollar | 1,5176 |
| HKD | Hong Kong dollar | 9,2330 |
| NZD | New Zealand dollar | 1,7141 |
| SGD | Singapore dollar | 1,5925 |
| KRW | South Korean won | 1 274,87 |
| ZAR | South African rand | 16,1757 |
| CNY | Chinese yuan renminbi | 7,8106 |
| HRK | Croatian kuna | 7,5470 |
| IDR | Indonesian rupiah | 15 971,18 |
| MYR | Malaysian ringgit | 4,8361 |
| PHP | Philippine peso | 59,393 |
| RUB | Russian rouble | 69,0103 |
| THB | Thai baht | 38,485 |
| BRL | Brazilian real | 3,7936 |
| MXN | Mexican peso | 21,9085 |
| INR | Indian rupee | 76,0620 |

Currency

Exchange rate

USD

US dollar

1,1827

JPY

Japanese yen

132,24

DKK

Danish krone

7,4423

GBP

Pound sterling

0,88293

SEK

Swedish krona

9,9150

CHF

Swiss franc

1,1664

ISK

Iceland króna

NOK

Norwegian krone

9,7410

BGN

Bulgarian lev

1,9558

CZK

Czech koruna

25,474

HUF

Hungarian forint

311,59

PLN

Polish zloty

4,2006

RON

Romanian leu

4,6440

TRY

Turkish lira

4,6794

AUD

Australian dollar

1,5627

CAD

Canadian dollar

1,5176

HKD

Hong Kong dollar

9,2330

NZD

New Zealand dollar

1,7141

SGD

Singapore dollar

1,5925

KRW

South Korean won

1 274,87

ZAR

South African rand

16,1757

CNY

Chinese yuan renminbi

7,8106

HRK

Croatian kuna

7,5470

IDR

Indonesian rupiah

15 971,18

MYR

Malaysian ringgit

4,8361

PHP

Philippine peso

59,393

RUB

Russian rouble

69,0103

THB

Thai baht

38,485

BRL

Brazilian real

3,7936

MXN

Mexican peso

21,9085

INR

Indian rupee

76,0620

---

(1)  Source: reference exchange rate published by the ECB.

---

V Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

| 30.11.2017 | EN | Official Journal of the European Union | C 406/3 |
| --- | --- | --- | --- |

30.11.2017

EN

Official Journal of the European Union

C 406/3

---

Prior notification of a concentration

(Case M.8717 — Engie/IPM Energy Trading/International Power Fuel Company)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 406/04)

| 1. | On 23 November 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
  This notification concerns the following undertakings:






  — | Engie SA (‘Engie’, France), |
| --- | --- | --- |

1.

On 23 November 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—

Engie SA (‘Engie’, France),

| — | IPM Energy Trading Limited (‘IPMETL’, the UK), controlled by Engie and Mitsui Co., Ltd, |
| --- | --- |

—

IPM Energy Trading Limited (‘IPMETL’, the UK), controlled by Engie and Mitsui Co., Ltd,

| — | International Power Fuel Company Limited (‘IPFC’, the UK), controlled by Engie and Mitsui Co., Ltd. |
| --- | --- |

—

International Power Fuel Company Limited (‘IPFC’, the UK), controlled by Engie and Mitsui Co., Ltd.

Engie indirectly acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of IPMETL and IPFC.

The concentration is accomplished by way of purchase of shares.

| 2. | The business activities of the undertakings concerned are:
  —   for Engie: global energy player active across the entire energy value chain in the fields of gas, electricity and energy services,
  —   for IPMETL: providing energy trading services to the wholesale gas and electricity markets in Great Britain,
  —   for IPFC: providing natural gas shipping services in Great Britain. |
| --- | --- |

2.

The business activities of the undertakings concerned are:

—   for Engie: global energy player active across the entire energy value chain in the fields of gas, electricity and energy services,

—   for IPMETL: providing energy trading services to the wholesale gas and electricity markets in Great Britain,

—   for IPFC: providing natural gas shipping services in Great Britain.

| 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 the Notice. |
| --- | --- |

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 the Notice.

| 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. The following reference should always be specified:
  M.8717 — Engie/IPM Energy Trading/International Power Fuel Company
  Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





  Email: COMP-MERGER-REGISTRY@ec.europa.eu |
| --- | --- |
| Fax +32 22964301 |
| Postal address: |
| European Commission |
| 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. The following reference should always be specified:

M.8717 — Engie/IPM Energy Trading/International Power Fuel Company

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(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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| 30.11.2017 | EN | Official Journal of the European Union | C 406/5 |
| --- | --- | --- | --- |

30.11.2017

EN

Official Journal of the European Union

C 406/5

---

Prior notification of a concentration

(Case M.8664 — WME IMG/Perform/PIMGSA)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 406/05)

| 1. | On 23 November 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
  This notification concerns the following undertakings:






  — | Perform Group Limited (United Kingdom), controlled by Access Industries, Inc. group (United States), |
| --- | --- | --- |

1.

On 23 November 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—

Perform Group Limited (United Kingdom), controlled by Access Industries, Inc. group (United States),

| — | WME Entertainment Parent, LLC (United States), controlled by Silver Lake Group, LLC (United States), |
| --- | --- |

—

WME Entertainment Parent, LLC (United States), controlled by Silver Lake Group, LLC (United States),

| — | PIMGSA LLP (United Kingdom), jointly controlled by Perform Group Limited and WME Entertainment Parent, LLC. |
| --- | --- |

—

PIMGSA LLP (United Kingdom), jointly controlled by Perform Group Limited and WME Entertainment Parent, LLC.

Perform Group Limited and WME Entertainment Parent, LLC acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control of PIMGSA LLP (United Kingdom).

The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.

| 2. | The business activities of the undertakings concerned are:
  —   for Access Industries, Inc.: a group of holding companies with interests in different industries,
  —   for Perform Group Limited: holding company with subsidiaries that hold interests principally in digital sports content and media,
  —   for Silver Lake Group, LLC: investment group focused on technology and media industries,
  —   for WME Entertainment Parent, LLC: company active globally in the sports, entertainment, media and fashion industries,
  —   for PIMGSA LLP: a joint venture between Perform and WME that will be active in the commercialisation of South American football sports rights. |
| --- | --- |

2.

The business activities of the undertakings concerned are:

—   for Access Industries, Inc.: a group of holding companies with interests in different industries,

—   for Perform Group Limited: holding company with subsidiaries that hold interests principally in digital sports content and media,

—   for Silver Lake Group, LLC: investment group focused on technology and media industries,

—   for WME Entertainment Parent, LLC: company active globally in the sports, entertainment, media and fashion industries,

—   for PIMGSA LLP: a joint venture between Perform and WME that will be active in the commercialisation of South American football sports rights.

| 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 the Notice. |
| --- | --- |

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 the Notice.

| 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. The following reference should always be specified:
  M.8664 — WME IMG/Perform/PIMGSA
  Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





  E-mail: COMP-MERGER-REGISTRY@ec.europa.eu |
| --- | --- |
| Fax +32 22964301 |
| Postal address: |
| European Commission |
| 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. The following reference should always be specified:

M.8664 — WME IMG/Perform/PIMGSA

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

E-mail: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

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

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

---

| 30.11.2017 | EN | Official Journal of the European Union | C 406/6 |
| --- | --- | --- | --- |

30.11.2017

EN

Official Journal of the European Union

C 406/6

---

Prior notification of a concentration

(Case M.8647 — Värde/Fraikin)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 406/06)

| 1. | On 23 November 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
  This notification concerns the following undertakings:






  — | Värde Partners, Inc. (‘Värde’, United States), |
| --- | --- | --- |

1.

On 23 November 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—

Värde Partners, Inc. (‘Värde’, United States),

| — | Financière Truck Investissement (‘Fraikin’, France). |
| --- | --- |

—

Financière Truck Investissement (‘Fraikin’, France).

Värde acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Fraikin.

The concentration is accomplished by way of purchase of shares.

| 2. | The business activities of the undertakings concerned are:
  —   for Värde: credit and value investing strategies, with expertise in partnering with financial institutions in a number of jurisdictions worldwide. It provides investment services to a wide array of investors including foundations and endowments, pension plans, insurance companies, other institutional investors and private clients.
  —   for Fraikin: parent company of the Fraikin group, active in the provision of short and long-term passenger and industrial vehicle rental services for business customers. Fraikin also offers fleet management, driver rental and driver training services. |
| --- | --- |

2.

The business activities of the undertakings concerned are:

—   for Värde: credit and value investing strategies, with expertise in partnering with financial institutions in a number of jurisdictions worldwide. It provides investment services to a wide array of investors including foundations and endowments, pension plans, insurance companies, other institutional investors and private clients.

—   for Fraikin: parent company of the Fraikin group, active in the provision of short and long-term passenger and industrial vehicle rental services for business customers. Fraikin also offers fleet management, driver rental and driver training 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 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 the Notice. |
| --- | --- |

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 the Notice.

| 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. The following reference should always be specified:
  M.8647 — Värde/Fraikin
  Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





  E-mail: COMP-MERGER-REGISTRY@ec.europa.eu |
| --- | --- |
| Fax +32 22964301 |
| Postal address: |
| European Commission |
| 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. The following reference should always be specified:

M.8647 — Värde/Fraikin

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

E-mail: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

(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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