# C_2020402EN.01000701.xml

| 25.11.2020 | EN | Official Journal of the European Union | C 402/7 |
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25.11.2020

EN

Official Journal of the European Union

C 402/7

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Prior notification of a concentration

(Case M.9948 — Allianz/GE/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2020/C 402/06)

1.

This notification concerns the following undertakings:

| — | Pacific Investment Management Company LLC (‘PIMCO’, United States), ultimately controlled by Allianz SE (Germany), |
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Pacific Investment Management Company LLC (‘PIMCO’, United States), ultimately controlled by Allianz SE (Germany),

| — | GE U.S. Equity Holdings Inc. and GE Capital Aviation Services Limited (together with their applicable affiliates ‘GECAS’, United States), ultimately controlled by General Electric Company (United States). |
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GE U.S. Equity Holdings Inc. and GE Capital Aviation Services Limited (together with their applicable affiliates ‘GECAS’, United States), ultimately controlled by General Electric Company (United States).

PIMCO and GECAS acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created company constituting a joint venture (the ‘JV’).

The concentration is accomplished by way of purchase of shares.

2.

| — | for PIMCO: a portfolio management firm which manages assets for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments and individual investors around the world, |
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for PIMCO: a portfolio management firm which manages assets for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments and individual investors around the world,

| — | for GECAS: active in the provision of a broad array of financing products and services with respect to these assets, including operating leases, purchase/leasebacks, capital markets, and airframe parts management, |
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for GECAS: active in the provision of a broad array of financing products and services with respect to these assets, including operating leases, purchase/leasebacks, capital markets, and airframe parts management,

| — | for the JV: acquisition, leasing and sale of aircraft at world wide level. |
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for the JV: acquisition, leasing and sale of aircraft at world wide level.

3.

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.

4.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.9948 — Allianz/GE/JV

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

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

| European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

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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