# C_2018169EN.01000901.xml

| 16.5.2018 | EN | Official Journal of the European Union | C 169/9 |
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16.5.2018

EN

Official Journal of the European Union

C 169/9

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Prior notification of a concentration

(Case M.8882 — Kennedy Wilson/AXA/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2018/C 169/05)

| 1. | On 4 May 2018, 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:






  — | Kennedy Wilson Holdings, Inc. (‘Kennedy Wilson’, United States), |
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1.

On 4 May 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

1

This notification concerns the following undertakings:

—

Kennedy Wilson Holdings, Inc. (‘Kennedy Wilson’, United States),

| — | AXA SA (‘AXA’, France). |
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—

AXA SA (‘AXA’, France).

Kennedy Wilson and AXA acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created joint venture that will be active in real estate services in Ireland.

The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.

| 2. | The business activities of the undertakings concerned are:
  —   for Kennedy Wilson: real estate investment, development and management,
  —   for AXA: life, health and other forms of insurance, as well as investment management. |
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2.

The business activities of the undertakings concerned are:

—   for Kennedy Wilson: real estate investment, development and management,

for Kennedy Wilson

—   for AXA: life, health and other forms of insurance, as well as investment management.

for AXA

| 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. |
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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.

2

| 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.8882 — Kennedy Wilson/AXA/JV
  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 |
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| 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.8882 — Kennedy Wilson/AXA/JV

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

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’).

1

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

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