# C_2015324EN.01003201.xml

| 2.10.2015 | EN | Official Journal of the European Union | C 324/32 |
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2.10.2015

EN

Official Journal of the European Union

C 324/32

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Prior notification of a concentration

(Case M.7809 — Grosvenor/PSPIB/Real estate asset in Milan)

Candidate case for simplified procedure

(Text with EEA relevance)

(2015/C 324/14)

| 1. | On 23 September 2015, 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 Grosvenor International Investments Limited, belonging to Grosvenor Group Limited (‘Grosvenor’, United Kingdom) and PSPLUX S.à.r.l., belonging to Public Sector Pension Investment Board (‘PSPIB’, Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of a real estate asset located in Milan (Italy). |
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1.

On 23 September 2015, 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 Grosvenor International Investments Limited, belonging to Grosvenor Group Limited (‘Grosvenor’, United Kingdom) and PSPLUX S.à.r.l., belonging to Public Sector Pension Investment Board (‘PSPIB’, Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of a real estate asset located in Milan (Italy).

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| 2. | The business activities of the undertakings concerned are:
  —   for Grosvenor: privately owned property group active in the ownership, development and managagement of real estate and other property related businesses.
  —   for PSPIB: investment of the pension plans of the Canadian Federal Public Service, the Canadian Forces and the Royal Canadian Mounted Police. It manages a diversified global portfolio including stocks, bonds and other fixed-income securities as well as investments in private equity, real estate, infrastructure and natural resources. |
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2.

The business activities of the undertakings concerned are:

—   for Grosvenor: privately owned property group active in the ownership, development and managagement of real estate and other property related businesses.

for Grosvenor

—   for PSPIB: investment of the pension plans of the Canadian Federal Public Service, the Canadian Forces and the Royal Canadian Mounted Police. It manages a diversified global portfolio including stocks, bonds and other fixed-income securities as well as investments in private equity, real estate, infrastructure and natural resources.

for PSPIB

| 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.7809 — Grosvenor/PSPIB/Real estate asset 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 email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7809 — Grosvenor/PSPIB/Real estate asset 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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