# C_2021426EN.01001201.xml

| 21.10.2021 | EN | Official Journal of the European Union | C 426/12 |
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21.10.2021

EN

Official Journal of the European Union

C 426/12

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Prior notification of a concentration

(Case M.10500 – PSPIB/ADIC/Local)

Candidate case for simplified procedure

(Text with EEA relevance)

(2021/C 426/09)

1.

This notification concerns the following undertakings:

| — | Public Sector Pension Investment Board (‘PSPIB’, Canada), |
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Public Sector Pension Investment Board (‘PSPIB’, Canada),

| — | Abu Dhabi Investment Council Company P.J.S.C (‘ADIC’, the United Arab Emirates), belonging to Mubadala Investment Company wholly owned by the Government of the Emirate of Abu Dhabi, |
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Abu Dhabi Investment Council Company P.J.S.C (‘ADIC’, the United Arab Emirates), belonging to Mubadala Investment Company wholly owned by the Government of the Emirate of Abu Dhabi,

| — | B2R Local No. 1 Pty Ltd (‘Local’, Australia), a newly created joint venture. |
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B2R Local No. 1 Pty Ltd (‘Local’, Australia), a newly created joint venture.

PSPIB and ADIC acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Local.

The concentration is accomplished by way of purchase of shares.

2.

| — | for PSPIB: management of 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 credit investments. |
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for PSPIB: management of 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 credit investments.

| — | for ADIC: operation of globally diversified investment strategies targeting positive capital returns through an expansive portfolio of highly diversified asset classes and active investment management strategies, |
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for ADIC: operation of globally diversified investment strategies targeting positive capital returns through an expansive portfolio of highly diversified asset classes and active investment management strategies,

| — | for Local: operation of a specialist build-to-rent property development and management business that includes acquiring, developing, managing and operating residential properties in key Australian cities. |
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for Local: operation of a specialist build-to-rent property development and management business that includes acquiring, developing, managing and operating residential properties in key Australian cities.

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.10500 - PSPIB/ADIC/Local

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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