# C_2020340EN.01000901.xml

| 13.10.2020 | EN | Official Journal of the European Union | C 340/9 |
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13.10.2020

EN

Official Journal of the European Union

C 340/9

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Prior notification of a concentration

Case M.9979 — Brookfield/Simon/JCPenney

Candidate case for simplified procedure

(Text with EEA relevance)

(2020/C 340/08)

1.

This notification concerns the following undertakings:

| — | Brookfield Asset Management Inc. (‘Brookfield’, Canada), |
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Brookfield Asset Management Inc. (‘Brookfield’, Canada),

| — | Simon Property Group, Inc. (‘Simon’, United States), |
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Simon Property Group, Inc. (‘Simon’, United States),

| — | J.C. Penney Company Inc. (‘JCPenney’, United States). |
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J.C. Penney Company Inc. (‘JCPenney’, United States).

Brookfield and Simon acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of JCPenney.

The concentration is accomplished by way of purchase of assets by a newly created company controlled jointly by Brookfield and Simon.

2.

| — | for Brookfield: global asset management including a range of public and private investment products and services focusing on real estate, infrastructure, renewable power and private equity, |
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for Brookfield: global asset management including a range of public and private investment products and services focusing on real estate, infrastructure, renewable power and private equity,

| — | for Simon: real estate investment including ownership, development and management of premier shopping, dining, entertainment and mixed-use destinations consisting primarily of malls, Premium Outlets®, and The Mills®, |
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for Simon: real estate investment including ownership, development and management of premier shopping, dining, entertainment and mixed-use destinations consisting primarily of malls, Premium Outlets®, and The Mills®,

| — | for JCPenney: retail of family apparel, footwear, accessories, fine and fashion jewellery, beauty products and home furnishings through its U.S.-based department stores and website, as well as supply of a range of services from its department stores. |
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for JCPenney: retail of family apparel, footwear, accessories, fine and fashion jewellery, beauty products and home furnishings through its U.S.-based department stores and website, as well as supply of a range of services from its department stores.

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.9979 — Brookfield/Simon/JCPenney

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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