# C_2014109EN.01003401.xml

| 11.4.2014 | EN | Official Journal of the European Union | C 109/34 |
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11.4.2014

EN

Official Journal of the European Union

C 109/34

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Prior notification of a concentration

(Case COMP/M.7211 — AXA/PSPIB/Real Estate Portfolio in Milan)

Candidate case for simplified procedure

(Text with EEA relevance)

2014/C 109/07

| 1. | On 4 April 2014, 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 SCI Vendome Bureaux, ultimately controlled by AXA S.A. (‘AXA’, France), and PSPLUX S.à r.l., a fully owned subsidiary of Public Sector Pension Investment Board (‘PSPIB’, Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of a portfolio of real estate assets in Milan (the ‘Real Estate Portfolio in Milan’, Italy) by way of purchase of shares. |
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1.

On 4 April 2014, 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 SCI Vendome Bureaux, ultimately controlled by AXA S.A. (‘AXA’, France), and PSPLUX S.à r.l., a fully owned subsidiary of Public Sector Pension Investment Board (‘PSPIB’, Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of a portfolio of real estate assets in Milan (the ‘Real Estate Portfolio in Milan’, Italy) by way of purchase of shares.

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






  — | AXA is a global insurance group active in life, health and other forms of insurance, as well as in investment management, |
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2.

The business activities of the undertakings concerned are:

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AXA is a global insurance group active in life, health and other forms of insurance, as well as in investment management,

| — | PSPIB is a pension investment manager that invests funds for the pension plans of the Public Service, the Canadian Forces, the Royal Canadian Mounted Police and Reserve Force, |
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PSPIB is a pension investment manager that invests funds for the pension plans of the Public Service, the Canadian Forces, the Royal Canadian Mounted Police and Reserve Force,

| — | The Real Estate Portfolio in Milan comprises four buildings: Bodio 4, Bodio 5, La Vela and La Stilo, designated to office and retail uses. |
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The Real Estate Portfolio in Milan comprises four buildings: Bodio 4, Bodio 5, La Vela and La Stilo, designated to office and retail uses.

| 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. |
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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 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 (+ 32 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number COMP/M.7211 — AXA/PSPIB/Real Estate Portfolio in Milan, 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 e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number COMP/M.7211 — AXA/PSPIB/Real Estate Portfolio in Milan, 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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