# m8558.docx

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EUROPEAN COMMISSION

Brussels, 2.8.2017

C(2017) 5561 final

PUBLIC VERSION

To the notifying parties

To the notifying parties

Subject:Case M.8558 – DB / PSPIB / TIAA / VANTAGE DATA CENTRES 

  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
  1
  and Article 57 of the Agreement on the European Economic Area
  2

Subject

:

Case M.

8558

–

DB / PSPIB / TIAA / VANTAGE DATA CENTRES

Commission decision pursuant to Article 6(1

)(

b) of Council Regulation (EC)

No

139/2004

1

and Article 57 of the Agreement on the European Economic Area

2

Dear Sir or Madam,

Dear Sir or Madam,

1.On 07 July 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings Digital Bridge Holdings, LLC (‘DB’, United States), Public Sector Pension Investment Board (‘PSPIB’, Canada), and Teachers Insurance and Annuity Association of America (‘TIAA’, United States) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Vantage Data Centers Holding Company (‘Vantage’, United States) by way of an exchange of shares. 
  3

1.

On

07

July

2017

,

the

European

Commission received notification of a proposed concentration pursuant to Article 4 of

the

Merger

Regulation by which

the undertakings Digital Bridge Holdings, LLC (‘DB’, United States), Public Sector Pension Investment Board (‘PSPIB’, Canada), and Teachers Insurance and Annuity Association of America (‘TIAA’, United States) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Vantage Data

Centers

Holding Company (‘Vantage’, United States) by way of an exchange of shares.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

-for DB: owning interests in communications infrastructure companies.

-

for

DB: owning interests in communications infrastructure companies.

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

-

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

-for TIAA: providing investment products and services to those who work in the academic, research, medical and cultural fields in the United States.

-

for

TIAA: providing investment products and services to those who work in the academic, research, medical and cultural fields in the United States.

-for Vantage: owning and operating five fully leased data centres across two campuses in: (i) Santa Clara, California; and (ii) Quincy, Washington, United States, for a total capacity of approximately 56 MW.

-

for

Vantage: owning and operating five fully leased data centres across two campuses in: (

i

) Santa Clara, California; and (ii) Quincy, Washington, United States, for a total capacity of approximately 56 MW.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(a) and 5(b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
  4

3.

After examination of the notification, the

European

Commission has concluded that the notified operation falls within the scope of

the

Merger

Regulation

and of

paragraph 5

(

a

)

and 5

(

b

)

of the Commission Notice on a simplified procedure for treatment o

f certain concentrations under

Council Regulation (EC)

No

139/2004

.

4

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

4.

For the reasons set out in the Notice on a simplified procedure, the

European

Commission has decided not to oppose the notified operation and to declare it compatible with the

internal

market and with the EEA Agreement. This decision is adopted in application of Article 6(1

)(

b) of

the

Merger

Regulation

and Article 57 of the EEA Agreement

.

For the Commission

For the Commission

(Signed)

(Signed)

Johannes LAITENBERGER
  Director-General

Johannes LAITENBERGER

Director

-

General

OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

OJ C 366, 14.12.2013, p. 5.