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, 30.08.2021  
C(2021) 6511 final  
PUBLIC VERSION 
Project Holdings Three (DIFC) Limited  
Unit L 16 -02, Level 16, 
ICD Brookfield Place, 
Dubai International Financial Centre   
United Arab Emirates  
 
Digital India, LLC 
5707 Southwest  Parkway, 
Building 1, Suite 275  
78735 Austin, TX  
United States of America  
Subject : Case M. 10420 – Brookfield / Digital Realty / JV  
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 6 August 2021, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Project 
Holdings Three (DIFC) Limited, belonging to the  group of Brookfield Asset 
Management Inc. (“Brookfield”, Canada) and Digital India, LLC, belonging to the 
group of Digital Realty Trust, Inc. (“Digital Realty”, USA) acquire within the 
meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control 
over the whole of the undertaking Mercury Holdings SG Pte. Ltd. (the “ JV”, 
Singapore) by way of purchase of shares  in a newly created company constituting a 
joint venture .3 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009, the Treaty on 
the Funct ioning 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 325, 13.08.2021, p. 2.  

2 2. The business activities of the undertakings concerned and the JV  are: 
− for Brookfield : a global asset manager focused on real estate, infrastructure, 
renewable power and private equity,  
− for Digital Realty : a real estate investment trust that owns, acquires, develops and 
operates data centres , 
− for the JV:  the acquisition, developm ent, construction and operation of data centre 
facilities in India.  
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 Commis sion 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 operat ion 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)  
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5.