# m8622.docx

| | EUROPEAN COMMISSION |
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EUROPEAN COMMISSION

Brussels, 6.10.2017

C(2017) 6880 final

PUBLIC VERSION

To the notifying parties

To the notifying parties

Subject:Case M.8622 – UNIBAIL-RODAMCO / COMMERZ REAL INVESTMENTGESELLSCHAFT / CGI METROPOLE

  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

.

8622

–

UNIBAIL-RODAMCO / COMMERZ REAL INVESTMENTGESELLSCHAFT / CGI METROPOLE

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 7 September 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Unibail-Rodamco SE (‘Unibail-Rodamco’, France), belonging to the group Unibail Rodamco, and Commerz Real Investmentgesellschaft mbH (‘Commerz Real Investmentgesellschaft mbH’, Germany) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of CGI Metropole, s.r.o. (‘CGI Metropole’, Czech Republic) by way of purchase of shares
  3
  .

1.

On 7 September 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which

Unibail-Rodamco

SE (‘

Unibail-Rodamco

’, France), belonging to the group

Unibail

Rodamco

, and

Commerz

Real

Investmentgesellschaft

mbH

(‘

Commerz

Real

Investmentgesellschaft

mbH

’, Germany) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of CGI

Metropole

,

s.r.o

. (‘CGI

Metropole

’, Czech Republic) by way of purchase of shares

3

.

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

—   for Unibail-Rodamco: operates in the commercial real estate sector as an investor, developer and asset manager of shopping centres in European cities as well as office buildings and convention & exhibition centres in the Paris region,

—

for Unibail-Rodamco

:

operates in the commercial real estate sector as an investor, developer and asset manager of shopping centres in European cities as well as office buildings and convention & exhibition centres in the Paris region,

—   for Commerz Real Investmentgesellschaft: management of open-ended real estate funds, in particular with management of the open-ended real estate fund hausInvest,

—

for Commerz Real Investmentgesellschaft

:

management of open-ended real estate funds, in particular with management of the open-ended real estate fund hausInvest,

—   for CGI Metropole: a limited liability company organized under the laws of the Czech Republic which owns the Metropole Zličín shopping centre located in Prague in the Czech Republic.

—

for CGI Metropole

:

a limited liability company organized under the laws of the Czech Republic which owns the Metropole Zličín shopping centre located in Prague in the Czech Republic.

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) 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

)

of the Commission Notice on a simplified procedure for treatment of 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

(1)


     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.