# C_2005085EN.01001901.xml

| 7.4.2005 | EN | Official Journal of the European Union | C 85/19 |
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7.4.2005

EN

Official Journal of the European Union

C 85/19

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Prior notification of a concentration

(Case COMP/M.3773 — Lehman Brothers/Europe Realty/IHG Portfolio)

Candidate case for simplified procedure

(2005/C 85/05)

(Text with EEA relevance)

| 1. | On 1 April 2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Lehman Brothers Real Estate Partners (‘LBREP II’, US) belonging to the Lehman Brothers Group (‘Lehman Brothers’, US) and Europe Realty Holdings Pte. Ltd. (‘Europe Realty’, Singapore) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of IHG Portfolio (‘IHG Portfolio’, UK) by way of purchase of shares in a newly created company constituting a joint venture. |
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1.

On 1 April 2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Lehman Brothers Real Estate Partners (‘LBREP II’, US) belonging to the Lehman Brothers Group (‘Lehman Brothers’, US) and Europe Realty Holdings Pte. Ltd. (‘Europe Realty’, Singapore) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of IHG Portfolio (‘IHG Portfolio’, UK) by way of purchase of shares in a newly created company constituting a joint venture.

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| 2. | The business activities of the undertakings concerned are:






  — | LBREP II: investment fund, |
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2.

The business activities of the undertakings concerned are:

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LBREP II: investment fund,

| — | Europe Realty: holding company active in real estate investments in Europe on behalf of the Government of Singapore, |
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Europe Realty: holding company active in real estate investments in Europe on behalf of the Government of Singapore,

| — | IHG Portfolio: four companies owning as assets a group of 73 hotels located in the UK. |
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IHG Portfolio: four companies owning as assets a group of 73 hotels located in the UK.

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. 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. |
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3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. 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.

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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 (No (32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.3773 — Lehman Brothers/Europe Realty/IHG Portfolio, to the following address:





  European Commission |
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| Directorate-General for Competition, |
| Merger Registry |
| J-70 |
| B-1049 Brussels |

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 (No (32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.3773 — Lehman Brothers/Europe Realty/IHG Portfolio, to the following address:

European Commission

Directorate-General for Competition,

Merger Registry

J-70

B-1049 Brussels

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

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(2)  Available on DG COMP website:

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http://europa.eu.int/comm/competition/mergers/legislation/consultation/simplified_tru.pdf.

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