Prior notification of a concentration (Case M.8279 — NN Group/CBRE/PV/Real Estate Portfolio in Germany) — Candidate case for simplified procedure (Text with EEA relevance. )
Date: 2017-01-06
Institutions: European Commission
Subjects: economic concentration, insurance, investment company, logistics, merger control, postal service, real estate business








C_2017003EN.01000601.xml










6.1.2017   


EN


Official Journal of the European Union


C 3/6





Prior notification of a concentration
(Case M.8279 — NN Group/CBRE/PV/Real Estate Portfolio in Germany)
Candidate case for simplified procedure
(Text with EEA relevance)
(2017/C 3/07)






1.


On 21 December 2016, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings NN Group NV (‘NN Group’, Netherlands), via its wholly owned subsidiary REI Germany Cross Docks BV (Netherlands), on the one hand, and CBRE Group Inc. (‘CBRE’, USA) and Poste Vita (‘PV’, Italy) on the other hand via a fund structure, acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of a logistics real estate portfolio comprising 10 real estate assets located in Germany (‘Portfolio’, Germany) by way of a share deal (‘the Transaction’).










2.


The business activities of the undertakings concerned are:
—   for NN Group: global financial institution offering investment and insurance services,
—   for CBRE: publicly-listed corporation (on the NYSE) with real estate services activities in, among other places, the European Union,
—   for PV: an Italian insurance company belonging to Poste Italiane which offers postal, logistics, savings and investments, payment, insurance and digital communication services,
—   for Portfolio: comprises the following 10 real estate (logistics) assets located in Germany and leased out under long-term agreements to DHL: DHL Aachen-Würselen, DHL Hamm, DHL Essen, DHL Moers, DHL Böblingen/Holzgerlinen, DHL Kassel, DHL Brühl/Köln, DHL Freiburg, DHL Dortmund, DHL Lörrach.










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 email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8279 — NN Group/CBRE/PV/Real Estate Portfolio in Germany, 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.