# C_2017361EN.01003701.xml

| 25.10.2017 | EN | Official Journal of the European Union | C 361/37 |
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25.10.2017

EN

Official Journal of the European Union

C 361/37

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Prior notification of a concentration

(Case M.8644 — AXA/NN Group/Portfolio)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 361/06)

| 1. | On 17 October 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
  This notification concerns the following undertakings:






  — | Lindisfarne S.L. (Spain), belonging to the group AXA SA (‘AXA’, France), |
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1.

On 17 October 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

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This notification concerns the following undertakings:

—

Lindisfarne S.L. (Spain), belonging to the group AXA SA (‘AXA’, France),

| — | ESI One SARL (France), belonging to the group AXA, |
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—

ESI One SARL (France), belonging to the group AXA,

| — | Alterimmo Europe SARL (France), belonging to the group AXA, |
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—

Alterimmo Europe SARL (France), belonging to the group AXA,

| — | REI Spain B.V. (Netherlands), belonging to the NN Group N.V. (‘NN’, Netherlands), |
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—

REI Spain B.V. (Netherlands), belonging to the NN Group N.V. (‘NN’, Netherlands),

| — | Portfolio (Spain). |
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—

Portfolio (Spain).

AXA and NN indirectly acquire within the meaning of Article 3(1)(b) the Merger Regulation joint control of the Portfolio of assets located in Spain.

The concentration is accomplished by way of purchase of shares.

| 2. | The business activities of the undertakings concerned are:
  —   for Lindisfarne S.L.: manages real estate assets that it owns directly and manages subsidiaries which hold real estate assets that it owns in Spain,
  —   for ESI One SARL: owns real estate portfolios/properties,
  —   for Alterimmo Europe SARL: owns real estate portfolios/properties,
  —   for REI Spain B.V.: acquires, holds, manages and disposes real estate and other assets, which may be a source of income, participates in or conducts the management of other companies or enterprises whose aims are similar and provides guarantees and security for other group companies and on behalf of third parties,
  —   for Portfolio: it is composed of 34 student housing residences spread over 17 cities in Spain. |
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2.

The business activities of the undertakings concerned are:

—   for Lindisfarne S.L.: manages real estate assets that it owns directly and manages subsidiaries which hold real estate assets that it owns in Spain,

for Lindisfarne S.L.

—   for ESI One SARL: owns real estate portfolios/properties,

for ESI One SARL

—   for Alterimmo Europe SARL: owns real estate portfolios/properties,

for Alterimmo Europe SARL

—   for REI Spain B.V.: acquires, holds, manages and disposes real estate and other assets, which may be a source of income, participates in or conducts the management of other companies or enterprises whose aims are similar and provides guarantees and security for other group companies and on behalf of third parties,

for REI Spain B.V.

—   for Portfolio: it is composed of 34 student housing residences spread over 17 cities in Spain.

for Portfolio

| 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 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 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. The following reference should always be specified:
  M.8644 — AXA/NN Group/Portfolio
  Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





  E-mail: COMP-MERGER-REGISTRY@ec.europa.eu |
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| Fax +32 22964301 |
| Postal address: |
| European Commission |
| 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. The following reference should always be specified:

M.8644 — AXA/NN Group/Portfolio

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

E-mail: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal 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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