Prior notification of a concentration (Case M.8558 — DB/PSPIB/TIAA/Vantage) — Candidate case for simplified procedure (Text with EEA relevance. )
Date: 2017-07-15
Institutions: European Commission
Subjects: communications industry, economic concentration, investment company, merger control, supplementary pension








C_2017230EN.01005201.xml










15.7.2017   


EN


Official Journal of the European Union


C 230/52







Prior notification of a concentration
(Case M.8558 — DB/PSPIB/TIAA/Vantage)
Candidate case for simplified procedure
(Text with EEA relevance)
(2017/C 230/08)


1.   

On 7 July 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Digital Bridge Holdings, LLC (‘DB’, United States), Public Sector Pension Investment Board (‘PSPIB’, Canada), and Teachers Insurance and Annuity Association of America (‘TIAA’, United States) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Vantage Data Centers Holding Company (‘Vantage’, United States) by way of an exchange of shares.



2.   
The business activities of the undertakings concerned are:
—   for DB: owning interests in communications infrastructure companies.
—   for PSPIB: managing pension investment of the pension plans of the Canadian Federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. It manages a diversified global portfolio including stocks, bonds and other fixed-income securities as well as investments in private equity, real estate, infrastructure, natural resources and private debt.
—   for TIAA: providing investment products and services to those who work in the academic, research, medical and cultural fields in the United States.
—   for Vantage: owning and operating five fully leased data centres across two campuses in: (i) Santa Clara, California; and (ii) Quincy, Washington, United States, for a total capacity of approximately 56 MW.


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.8558 — DB/PSPIB/TIAA/Vantage 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.