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, 26.07.2021  
C(2021 ) 5718 final  
PUBLIC VERSION  
Samsung SRA Asset Management Co, 
LTD 
16th Fl., Samsung Life Seocho Tower, 
4, Seocho -daero 74 -gil, Seocho -gu   
06620  Seoul  
Republic of Korea  
 
Primonial R eal Estate Investment 
Management   
36, rue de Naples   
7500 8 Paris  
France  
Subject : Case M. 10373  – PRIMONIAL  / SAMSUNG / TARGET  
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 23 June 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which the 
undertakings Primonial Real Estate Investment Management, belonging to the 
Primonial Group (“Primonial”, France), and Samsung SRA Asset Management, 
belonging to the Samsung Group, (“Samsung”, Korea), intend to acquire within the 
meaning of Article 3(1)(b) of the Merger  Regulation joint control over the whole of 
the undertaking SCI TS Influence (“Target”, France) by way of purchase of share s.3 
                                                 
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 262, 5.7.2021 , p. 16-17. 

2 2. The business activities of the undertakings concerned are:  
 for Primonial: real estate investment group mainly active in France, c o-controlled 
by Bridgepoint Group (UK) and Latour Capital Management SAS (France),  both 
independent private equity groups,  
 for Samsung: conglomerate active globally in a wide array of industries, including 
electronics, shipbuilding, engineering and insura nce, 
 for Target: real estate company currently controlled by the Tishman Speyer 
Group (USA) and owner of a single building (called ‘Influence’) located in Saint -
Ouen, France.  
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(c) 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  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .