Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 22 9-64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 14.2.2019  
C(2019 ) 1420 final  
 
 
To the notifying parties:  
Subject : Case M.9243 – KKR/China Resources/Genesis Care  
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 22 January 2019 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which KKR & Co. Inc. 
(“KKR ”, United States of America ) and China Resources (Holdings) Company Limited 
(“China Resources” , Hong Kong ) acquire within the meaning of Article 3(1)(b) and 3(4) of 
the Merger Regulation  joint control of Genesis Care Pty Limited (“Genesis Care” , 
Australia ), China Resources’ subsidiary active in the provision of cancer care (primarily 
oncology) services in the United Kingdom, Spain and Australia , radiation therapy 
treatments for benign diseases in Spain and Australia, and cardiology, sleep and respiratory 
treatment services in Australia , by way of purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 for KKR: global investment firm which offers a broad range of alternative asset 
management services to public and private market investor s and provides capital 
markets solutions for the firm, its portfolio companies and clients,  
 for China Resources : diversified holding company  ultimately supervised by the 
State -owned Assets Supervision and Administration Commission of the State 
Council of the People ’s Republic of China , which serves as the top level holding 
company for a group of companies operating a wide variety of businesses, such as 
consumer products (including retail, beer, food and beverages), power, real estate, 
cement, gas and pharm aceuticals, as well as various other businesses.  
                                                 
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  Public ation in the Official Journal of the European Union No C 36, 29.01.2019, p. 37.  
PUBLIC VERSION  
2 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 (b) of 
the Commission Notice on a si mplified 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 application of 
Article 6(1)(b) of the Merger  Regulation  and Article 57 of the EEA Agreement . 
For the Commission  
 
(Signed)  
Johannes LAITENBERGER  
Director -General  
 
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .