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, 21.6.2022  
C(2022)  4379 final  
PUBLIC VERSION  
Project Holdings Fourteen (DIFC) Limited  
Brookfield Private Capital (DIFC) Limited  
Level 24, ICD Brookfield Place  
Dubai International Finance Centre, 
PO Box 507234 
Dubai, United Arab Emirates  
 Jindal Poly Films Limited  
Plot No. 12, Sector B -1  
Local Shopping Complex  
Vasant Kunj  
New Delhi  - 110070  
India  
Subject : Case M. 10723 –  BROOKFIELD / JINDAL GROUP / JINDAL PLASTIC 
FILMS BUSINESS  
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 May 2022, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Project 
Holdings Fourteen (DIFC) Limited ( ‘Brookfield Project Holdings’, the United Arab 
Emirates), controlled by Brookfield Asset Management Inc. (‘Brookfield’, Canada) 
and Jindal Poly Films Limited (‘JPFL’, India), part of B.C. Jindal Group (‘Jindal Group’ , India ) will acquire within the meaning of Article 3(1)(b) and 3(4) of the 
Merger Regulation  joint control of Jindal Plastic Films Business . The concentration is 
accomplished by way of transfer of assets and purchase of shares in a newly created company constituting a joint vent ure.
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 b e 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 OJ C 221 , 7.6.2022, p. 6. 

2 2. The business activities of the undertakings concerned are:  
− Brookfield is a global asset manager that offers a range of public and private 
investment products and services. It focuses on real estate, infrastructure, 
renewable power and private equity , 
− Jindal Group is a group of companies active at global level in steel pipes and pipe fittings, packaging films, power generation, cold rolled steel strips, galvanised sheets and other products, 
− Jindal Plastic Films Business is active in  the manufacture and  marketing of  
flexible plastic films for use in the production of flexible packaging and in the manufacture and marketing of polyethylene terephthalate (PET) chips,  primarily 
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 s 5(a) and 5(b)  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 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.