Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERG ER-REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 30.6.2021  
C(2021 ) 4985 final  
PUBLIC VERSION  
Macquarie Asia -Pacific Infrastructure 
Investments 3 Pte Ltd  
10 Marina Boulevard , 17-01 Tower 2 
Marina Bay Financial Centre,  
018983  
Singapore  
 
Warrington Investment Private Limited 
(Warrington)  
168 Robinson Road  
37-01 Capital Tower  
068912   
Singapore  
Subject : Case M. 10316   Macquarie /Warrington /Bingo 
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 08 June 2021 , the European Commission received notification of a proposed 
conc entration pursuant to Article 4 of the Merger  Regulation by which the 
undertakings Macquarie Asia -Pacific Infrastructure Investments 3 Pte Ltd. (“MAIF3 
Fund”, Singapore), an investment fund managed and controlled by Macquarie 
Infrastructure and Real Assets division (“MIRA”, Australia), of the asset management 
arm of Macquarie Group Limit ed (“Macquarie”, Australia) and Warrington 
Investment Pte. Ltd. ("Warrington", Singapore), an investment vehicle managed by 
GIC Special Investments Pte. Ltd. ("GICSI" , Singapore ), a subsidiary of GIC Private 
Limited ("GIC" and together with all of GIC's gr oup companies, the "GIC Group", 
Singapore),  acquire within the meaning of Article 3(1)(b) of the Merger Regulation 
                                                 
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.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 

2 joint control over the wh ole of the undertaking Bingo Indus tries Ltd. (“Bingo”, 
Australia) by way of purchase of shares .3 
2. The business activi ties of the undertakings concerned are:  
 for Macquarie: the global provision of banking, financial, advisory, investment 
and funds management services,  
 for GIC: managing a diversified global portfolio of investments in private 
equity, venture capital and in frastructure funds, as well as direct investments in 
private companies,  
 for Bingo: operating a recycling and waste management company that 
provides solutions in resource management including collection, processing 
and recovery, disposal, production of recy cled construction products and waste 
equipment manufacturing (i.e., bins) in the states of New South Wales and 
Victoria within Australia . 
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 applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
3  Publication in the Official Journal of the European Union No C 231, 16.06.2021 , p. 7. 
4  OJ C 366, 14.12.2013, p. 5 .