Prior notification of a concentration (Case M.7536 — Allianz/AIMCo/UTA/Porterbrook) — Candidate case for simplified procedure  Text with EEA relevance
Date: 2015-03-14
Institutions: European Commission
Subjects: economic concentration, insurance company, investment company, machine-tool industry, merger control








C_2015088EN.01000701.xml










14.3.2015   


EN


Official Journal of the European Union


C 88/7





Prior notification of a concentration
(Case M.7536 — Allianz/AIMCo/UTA/Porterbrook)
Candidate case for simplified procedure
(Text with EEA relevance)
(2015/C 88/06)






1.


On 5 March 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Allianz SE; Alberta Investment Management Corporation (AIMCo) on behalf of certain of its clients; and Utilities Trust of Australia (UTA) acquire within the meaning of Article 3(1)(b) of the Merger Regulation indirect joint control in Porterbrook, by way of conversion of shares.










2.


The business activities of the undertakings concerned are:






—


the Allianz group offers a comprehensive range of insurance and asset management products and services to both private and corporate customers in more than 70 countries, with the largest of its operations in Europe,










—


AIMCo is one of Canada’s largest and most diversified institutional investment fund managers, investing globally on behalf of its clients, various pension, endowment and government funds in the Province of Alberta,










—


Utilities of Australia Pty Ltd is the trustee for Utilities Trust of Australia, which invests globally and has a portfolio of assets in Australia, the United Kingdom, Europe and the United States. Its main investments are in energy, utilities and transport,










—


the Porterbrook group specialises in the supply of all types of railway rolling stock and associated equipment to British passenger train operating companies and freight companies.














3.


On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice.










4.


The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number Case M.7536 — Allianz/AIMCo/UTA/Porterbrook, to the following address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË










(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.