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 -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels,  20.3.2019  
C(2019 ) 2289 final  
 
 
 
 
 
To the notifying parties  : 
 
Subject : Case M .9286 – SEGRO/PSPIB/Wroclaw Site  
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 25 February 2019 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  SEGRO plc 
(‘SEGRO’, United Kingdom) and Public Sector Pension Investment Board (‘PSPIB’, 
Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint 
control of the whole of the Wroclaw Site  (Poland) . The concentration is accomplis hed by 
way of purchase of assets .3 
2. The business activities of the undertakings concerned are:  
- for SEGRO : ownership, asset management and development of modern warehousing 
and light industrial properties located around major conurbations and at key 
transportation hubs across a number of EU countries,  
- for PSPIB : investment of net contributions to the pension funds of the federal Public 
Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve 
Force. It manages a diversified globa l portfolio including stocks, bonds and other 
fixed -income securities, and investments in private equity, real estate, infrastructure, 
natural resources and private debt,  
                                                 
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 '). 
3  Publication in the Official Journal of the European Union No C 79, 4.3.2019 , p. 10. 
PUBLIC VERSION  
2 - for the Wroclaw Site : a partly pre -let warehouse located in Wroclaw, Poland, which is  
currently under development . 
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) 
and 5( c) of the Commission Notice on a simplified p rocedure 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 application of 
Article 6(1)(b) of the Merger  Regulation  and Article 57 of the EEA Agre ement . 
 
For the Commission  
(Signed)  
Johannes LAITENBERGER  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .