# Official Journal C 398/2017

| | ISSN 1977-091X |
| --- | --- |
| Official Journal
  of the European Union | C 398 |
| | |
| English edition | Information and Notices | Volume 6024 November 2017 |

ISSN 1977-091X

Official Journal

of the European Union

C 398

English edition

Information and Notices

Volume 6024 November 2017

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| Notice No | Contents | page |
| --- | --- | --- |
| | II   Information |
| | INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2017/C 398/01 | Non-opposition to a notified concentration (Case M.8656 — Mitsui/Sime Darby/JV) (
  1
  ) | 1 |
| 2017/C 398/02 | Non-opposition to a notified concentration (Case M.8518 — MDP/HPS/Nevada/Towergate) (
  1
  ) | 1 |

Notice No

Contents

page

II   Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2017/C 398/01

Non-opposition to a notified concentration (Case M.8656 — Mitsui/Sime Darby/JV) (
  1
  )

1

1

2017/C 398/02

Non-opposition to a notified concentration (Case M.8518 — MDP/HPS/Nevada/Towergate) (
  1
  )

1

1

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| | IV   Notices |
| --- | --- |
| | NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2017/C 398/03 | Euro exchange rates | 2 |

IV   Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2017/C 398/03

Euro exchange rates

2

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| | V   Announcements |
| --- | --- |
| | PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY |
| | European Commission |
| 2017/C 398/04 | Prior notification of a concentration (Case M.8708 — Société Générale/BNP Paribas/Powerhouse France) — Candidate case for simplified procedure (
  1
  ) | 3 |

V   Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

2017/C 398/04

Prior notification of a concentration (Case M.8708 — Société Générale/BNP Paribas/Powerhouse France) — Candidate case for simplified procedure (
  1
  )

1

3

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| | |
| --- | --- |
| | (1)   Text with EEA relevance. |

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(1)   Text with EEA relevance.

1

| EN | |
| --- | --- |

EN

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II Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 24.11.2017 | EN | Official Journal of the European Union | C 398/1 |
| --- | --- | --- | --- |

24.11.2017

EN

Official Journal of the European Union

C 398/1

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Non-opposition to a notified concentration

(Case M.8656 — Mitsui/Sime Darby/JV)

(Text with EEA relevance)

(2017/C 398/01)

On 16 November 2017, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8656. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8656. EUR-Lex is the online access to European law.

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(1)  OJ L 24, 29.1.2004, p. 1.

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| 24.11.2017 | EN | Official Journal of the European Union | C 398/1 |
| --- | --- | --- | --- |

24.11.2017

EN

Official Journal of the European Union

C 398/1

---

Non-opposition to a notified concentration

(Case M.8518 — MDP/HPS/Nevada/Towergate)

(Text with EEA relevance)

(2017/C 398/02)

On 15 November 2017, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8518. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8518. EUR-Lex is the online access to European law.

---

(1)  OJ L 24, 29.1.2004, p. 1.

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IV Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 24.11.2017 | EN | Official Journal of the European Union | C 398/2 |
| --- | --- | --- | --- |

24.11.2017

EN

Official Journal of the European Union

C 398/2

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Euro exchange rates (1)

23 November 2017

(2017/C 398/03)

1 euro =

| | Currency | Exchange rate |
| --- | --- | --- |
| USD | US dollar | 1,1848 |
| JPY | Japanese yen | 131,79 |
| DKK | Danish krone | 7,4420 |
| GBP | Pound sterling | 0,89005 |
| SEK | Swedish krona | 9,8440 |
| CHF | Swiss franc | 1,1613 |
| ISK | Iceland króna | |
| NOK | Norwegian krone | 9,6393 |
| BGN | Bulgarian lev | 1,9558 |
| CZK | Czech koruna | 25,462 |
| HUF | Hungarian forint | 313,05 |
| PLN | Polish zloty | 4,2124 |
| RON | Romanian leu | 4,6522 |
| TRY | Turkish lira | 4,6420 |
| AUD | Australian dollar | 1,5532 |
| CAD | Canadian dollar | 1,5024 |
| HKD | Hong Kong dollar | 9,2528 |
| NZD | New Zealand dollar | 1,7198 |
| SGD | Singapore dollar | 1,5947 |
| KRW | South Korean won | 1 284,55 |
| ZAR | South African rand | 16,4406 |
| CNY | Chinese yuan renminbi | 7,7881 |
| HRK | Croatian kuna | 7,5778 |
| IDR | Indonesian rupiah | 15 973,47 |
| MYR | Malaysian ringgit | 4,8674 |
| PHP | Philippine peso | 59,869 |
| RUB | Russian rouble | 69,2337 |
| THB | Thai baht | 38,713 |
| BRL | Brazilian real | 3,8403 |
| MXN | Mexican peso | 22,0927 |
| INR | Indian rupee | 76,5120 |

Currency

Exchange rate

USD

US dollar

1,1848

JPY

Japanese yen

131,79

DKK

Danish krone

7,4420

GBP

Pound sterling

0,89005

SEK

Swedish krona

9,8440

CHF

Swiss franc

1,1613

ISK

Iceland króna

NOK

Norwegian krone

9,6393

BGN

Bulgarian lev

1,9558

CZK

Czech koruna

25,462

HUF

Hungarian forint

313,05

PLN

Polish zloty

4,2124

RON

Romanian leu

4,6522

TRY

Turkish lira

4,6420

AUD

Australian dollar

1,5532

CAD

Canadian dollar

1,5024

HKD

Hong Kong dollar

9,2528

NZD

New Zealand dollar

1,7198

SGD

Singapore dollar

1,5947

KRW

South Korean won

1 284,55

ZAR

South African rand

16,4406

CNY

Chinese yuan renminbi

7,7881

HRK

Croatian kuna

7,5778

IDR

Indonesian rupiah

15 973,47

MYR

Malaysian ringgit

4,8674

PHP

Philippine peso

59,869

RUB

Russian rouble

69,2337

THB

Thai baht

38,713

BRL

Brazilian real

3,8403

MXN

Mexican peso

22,0927

INR

Indian rupee

76,5120

---

(1)  Source: reference exchange rate published by the ECB.

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V Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

| 24.11.2017 | EN | Official Journal of the European Union | C 398/3 |
| --- | --- | --- | --- |

24.11.2017

EN

Official Journal of the European Union

C 398/3

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Prior notification of a concentration

(Case M.8708 — Société Générale/BNP Paribas/Powerhouse France)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 398/04)

| 1. | On 16 November 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:






  — | Sogecap SA (‘Sogecap’, France) belonging to the Société Générale group (France) |
| --- | --- | --- |

1.

On 16 November 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:

—

Sogecap SA (‘Sogecap’, France) belonging to the Société Générale group (France)

| — | Cardif Assurance Vie SA (‘Cardif Assurance’, France) belonging to the BNP Paribas group (France) |
| --- | --- |

—

Cardif Assurance Vie SA (‘Cardif Assurance’, France) belonging to the BNP Paribas group (France)

| — | BNP Paribas Diversipierre OPCI (‘Diversipierre, France), belonging to the BNP Paribas group (France) |
| --- | --- |

—

BNP Paribas Diversipierre OPCI (‘Diversipierre, France), belonging to the BNP Paribas group (France)

| — | Powerhouse France SAS (‘Powerhouse France’, France) |
| --- | --- |

—

Powerhouse France SAS (‘Powerhouse France’, France)

Sogecap, Cardif Assurance and Diversipierre acquire within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Powerhouse France.

The concentration is accomplished by way of purchase of shares.

| 2. | The business activities of the undertakings concerned are:
  —   for Sogecap: offers a full range of life insurance savings and protection products to Société Générale’s Retail and Private Banking networks. Société Générale group is notably active in international retail banking, financial services and corporate and investment banking,
  —   for Cardif Assurance: active in the life insurance sector and owned by the BNP Paribas group, a French listed banking group mainly active in retail banking and services as well as corporate and institutional banking,
  —   for Diversipierre: active in real estate investment and managed by BNP Paribas REIM France,
  —   for Powerhouse France: owns a portfolio of residential properties located in several French Départements (among others, Seine-Maritime, Seine-et-Marne, Ain, Loiret, Isère, Nord, Pas-de-Calais). The residential properties are leased to EDF for the benefit of EDF group’s employees. |
| --- | --- |

2.

The business activities of the undertakings concerned are:

—   for Sogecap: offers a full range of life insurance savings and protection products to Société Générale’s Retail and Private Banking networks. Société Générale group is notably active in international retail banking, financial services and corporate and investment banking,

—   for Cardif Assurance: active in the life insurance sector and owned by the BNP Paribas group, a French listed banking group mainly active in retail banking and services as well as corporate and institutional banking,

—   for Diversipierre: active in real estate investment and managed by BNP Paribas REIM France,

—   for Powerhouse France: owns a portfolio of residential properties located in several French Départements (among others, Seine-Maritime, Seine-et-Marne, Ain, Loiret, Isère, Nord, Pas-de-Calais). The residential properties are leased to EDF for the benefit of EDF group’s employees.

| 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 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. |
| --- | --- |

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 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. | 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.8708 — Société Générale/BNP Paribas/Powerhouse France
  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 |

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.8708 — Société Générale/BNP Paribas/Powerhouse France

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’).

(2)  OJ C 366, 14.12.2013, p. 5.

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