# C_2017280EN.01000301.xml

| 24.8.2017 | EN | Official Journal of the European Union | C 280/3 |
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24.8.2017

EN

Official Journal of the European Union

C 280/3

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Prior notification of a concentration

(Case M.8554 — CIC/Logicor Business)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 280/03)

| 1. | On 17 August 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking China Investment Corporation (‘CIC’, China) indirectly acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the companies and assets comprising the Logicor business (‘Logicor’, United Kingdom) by way of purchase of shares. |
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1.

On 17 August 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking China Investment Corporation (‘CIC’, China) indirectly acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the companies and assets comprising the Logicor business (‘Logicor’, United Kingdom) by way of purchase of shares.

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| 2. | The business activities of the undertakings concerned are:
  —   for CIC: China’s sovereign wealth fund, which was established as vehicle to diversify China’s foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance. Via its wholly owned subsidiary CIC International Co. Ltd, CIC invests in and manages overseas assets including public market equity and bond investments, hedge funds and real estate investments private equity fund investments, co-investments and minority investments as financial investor.
  —   for Logicor: it owns and operates logistics warehouse assets across the EU. |
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2.

The business activities of the undertakings concerned are:

—   for CIC: China’s sovereign wealth fund, which was established as vehicle to diversify China’s foreign exchange holdings and seek maximum returns for its shareholder within acceptable risk tolerance. Via its wholly owned subsidiary CIC International Co. Ltd, CIC invests in and manages overseas assets including public market equity and bond investments, hedge funds and real estate investments private equity fund investments, co-investments and minority investments as financial investor.

for CIC

—   for Logicor: it owns and operates logistics warehouse assets across the EU.

for Logicor

| 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 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 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 M.8554 — CIC/Logicor Business 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 M.8554 — CIC/Logicor Business 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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