Prior notification of a concentration (Case M.8173 — CPPIB/OTPP/IDEAL/Arco Norte) — Candidate case for simplified procedure (Text with EEA relevance)
Date: 2016-08-23
Institutions: European Commission
Subjects: economic concentration, land transport, merger control, provision of services








C_2016306EN.01000801.xml










23.8.2016   


EN


Official Journal of the European Union


C 306/8





Prior notification of a concentration
(Case M.8173 — CPPIB/OTPP/IDEAL/Arco Norte)
Candidate case for simplified procedure
(Text with EEA relevance)
(2016/C 306/08)






1.


On 16 August 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Canada Pension Plan Investment Board (CPPIB, Canada), Ontario Teachers’ Pension Plan Board (OTPP, Canada) and Impulsora del Desarrollo y el Empleao en América Latina, S.A.B. de C.V. (IDEAL, Mexico) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Autopista Arco Norte, S.A. de C.V. (Arco Norte, Mexico), by way of subscription of shares. Currently, Arco Norte is solely controlled by IDEAL.










2.


The business activities of the undertakings concerned are:
—   for CPPIB: investment management organisation that invests the funds of the Canada Pension Plan, principally in public equities, private equities, real estate, infrastructure and fixed income investments,
—   for OTPP: investment management organisation that invests the pension plan assets on behalf of active and retired teachers in the Canadian province of Ontario,
—   for IDEAL: public company that manages a strategic asset portfolio across various infrastructure sectors which foster social development and economic growth through designing, developing, financing and managing different infrastructure projects in Mexico and in Panama, as well as holding the long term management, provision of services, maintenance and operation of the concessions and projects it has a stake in,
—   for Arco Norte: holder of a concession for the exploitation, operation and maintenance of a toll road in Mexico known as the ‘Libramiento Norte de la Ciudad de México’.










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 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 email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8173 — CPPIB/OTPP/IDEAL/Arco Norte, 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.