Prior notification of a concentration (Case M.7626 — CPPIB/Borealis/GICSI/ABP) — Candidate case for simplified procedure (Text with EEA relevance)
Date: 2015-06-02
Institutions: European Commission
Subjects: Canada, Singapore, United Kingdom, economic concentration, investment company, load, merger control, port traffic, supplementary pension








C_2015179EN.01001001.xml










2.6.2015   


EN


Official Journal of the European Union


C 179/10





Prior notification of a concentration
(Case M.7626 — CPPIB/Borealis/GICSI/ABP)
Candidate case for simplified procedure
(Text with EEA relevance)
(2015/C 179/07)






1.


On 22 May 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Canada Pension Plan Investment Board (‘CPPIB’, Canada), together with the current parents Borealis International Investment Corporation (‘Borealis’, Canada), and Cheyne Walk Investment Pte Ltd, a nominated investment vehicle of GIC Special Investments Pte Ltd (‘GICSI’, Singapore) ultimately controlled by the Ministry of Finance of Singapore, acquires within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking ABP Limited (‘ABP’, Jersey) by way of purchase of shares.










2.


The business activities of the undertakings concerned are:
—   for CPPIB: professional investment management organisation that invests the assets of the Canada Pension Plan (CPP) in public equities, private equities, bonds, private debt, real estate, infrastructure, infrastructure, agriculture and other areas.
—   for Borealis group: worldwide infrastructure investor and the exclusive infrastructure manager for OMERS Administration Corporation (OMERS). OMERS administers one of Canada’s leading pension funds and manages a diversified global portfolio of stocks and bonds as well as real estate, infrastructure and private equity investments.
—   for GICSI: management of a diversified global portfolio of investments in private equity, venture capital and infrastructure funds, as well as direct investments in private companies for the government of Singapore.
—   for ABP (formerly Associated British Ports Holdings PLC, UK): ownership and operation of a number of UK ports. It undertakes UK port operations and the provision of related services, including stevedoring activities, to ship and cargo owners and other port users.










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 M.7626 — CPPIB/Borealis/GICSI/ABP, 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.