# C_2018174EN.01002001.xml

| 23.5.2018 | EN | Official Journal of the European Union | C 174/20 |
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23.5.2018

EN

Official Journal of the European Union

C 174/20

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Prior notification of a concentration

(Case M.8875 — Oaktree Capital Group/Bitarte/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2018/C 174/11)

| 1. | On 14 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:






  — | Bitarte S.A. (Spain), belonging to the group Banco de Sabadell (Spain), |
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1.

On 14 May 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

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This notification concerns the following undertakings:

—

Bitarte S.A. (Spain), belonging to the group Banco de Sabadell (Spain),

| — | OCM Luxembourg OPPS X S.à.r.l. (Luxembourg) belonging to Oaktree Capital Group Holdings GP LLC (‘Oaktree Capital Group’, United States of America). |
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—

OCM Luxembourg OPPS X S.à.r.l. (Luxembourg) belonging to Oaktree Capital Group Holdings GP LLC (‘Oaktree Capital Group’, United States of America).

Banco de Sabadell and Oaktree Capital Group acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of a joint-venture (‘JV’, Spain) which will be active in identifying, acquiring, developing, and commercializing residential plots of land in Spain.

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

| 2. | The business activities of the undertakings concerned are:
  —   for Banco de Sabadell: Spain's fourth largest banking group; Bitarte owns real estate assets, which are being developed or are pending to be developed,
  —   for Oaktree Capital Group: global alternative and non-traditional investment management company with a particular expertise in credit strategies. |
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2.

The business activities of the undertakings concerned are:

—   for Banco de Sabadell: Spain's fourth largest banking group; Bitarte owns real estate assets, which are being developed or are pending to be developed,

for Banco de Sabadell

—   for Oaktree Capital Group: global alternative and non-traditional investment management company with a particular expertise in credit strategies.

for Oaktree Capital Group

| 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.

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| 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.8875 — Oaktree Capital Group/Bitarte/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.8875 — Oaktree Capital Group/Bitarte/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’).

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

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