# C_2015385EN.01001701.xml

| 19.11.2015 | EN | Official Journal of the European Union | C 385/17 |
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19.11.2015

EN

Official Journal of the European Union

C 385/17

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Prior notification of a concentration

(Case M.7848 — ATP/AXA/Club Quarters/Cleavon)

Candidate case for simplified procedure

(Text with EEA relevance)

(2015/C 385/08)

| 1. | On 13 November 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which AXA SA (‘AXA’, France) and Arbejdsmarkedets Tillægspension (‘ATP’, Denmark) acquire within the meaning of Article 3(1)(b) and of the Merger Regulation joint control over Cleavon SARL (Luxembourg), which holds two hotels and ancillary retail units located in London, by way of purchase of shares. AXA and ATP will acquire joint control over the two hotels together with Club Quarters Management LLC (‘Club Quarters’, USA) by virtue of pre-existing hotel management agreements. |
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1.

On 13 November 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which AXA SA (‘AXA’, France) and Arbejdsmarkedets Tillægspension (‘ATP’, Denmark) acquire within the meaning of Article 3(1)(b) and of the Merger Regulation joint control over Cleavon SARL (Luxembourg), which holds two hotels and ancillary retail units located in London, by way of purchase of shares. AXA and ATP will acquire joint control over the two hotels together with Club Quarters Management LLC (‘Club Quarters’, USA) by virtue of pre-existing hotel management agreements.

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| 2. | The business activities of the undertakings concerned are:
  —   for AXA: life, health and other forms of insurance, as well as investment management;
  —   for ATP: administering a number of welfare and social security schemes that help to provide basic security for Danish citizens;
  —   for Club Quarters: owning, managing and operating hotels. It is also involved in real estate development including hotels and mixed use development. |
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2.

The business activities of the undertakings concerned are:

—   for AXA: life, health and other forms of insurance, as well as investment management;

for AXA

—   for ATP: administering a number of welfare and social security schemes that help to provide basic security for Danish citizens;

for ATP

—   for Club Quarters: owning, managing and operating hotels. It is also involved in real estate development including hotels and mixed use development.

for Club Quarters

| 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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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 number M.7848 — ATP/AXA/Club Quarters/Cleavon, 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 email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7848 — ATP/AXA/Club Quarters/Cleavon, 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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