Prior notification of a concentration (Case M.8644 — AXA/NN Group/Portfolio) — Candidate case for simplified procedure (Text with EEA relevance. )
Date: 2017-10-25
Institutions: European Commission
Subjects: economic concentration, merger control, real estate business, student residence








C_2017361EN.01003701.xml










25.10.2017   


EN


Official Journal of the European Union


C 361/37





Prior notification of a concentration
(Case M.8644 — AXA/NN Group/Portfolio)
Candidate case for simplified procedure
(Text with EEA relevance)
(2017/C 361/06)






1.


On 17 October 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Lindisfarne S.L. (Spain), belonging to the group AXA SA (‘AXA’, France),










—


ESI One SARL (France), belonging to the group AXA,










—


Alterimmo Europe SARL (France), belonging to the group AXA,










—


REI Spain B.V. (Netherlands), belonging to the NN Group N.V. (‘NN’, Netherlands),










—


Portfolio (Spain).




AXA and NN indirectly acquire within the meaning of Article 3(1)(b) the Merger Regulation joint control of the Portfolio of assets located in Spain.
The concentration is accomplished by way of purchase of shares.










2.


The business activities of the undertakings concerned are:
—   for Lindisfarne S.L.: manages real estate assets that it owns directly and manages subsidiaries which hold real estate assets that it owns in Spain,
—   for ESI One SARL: owns real estate portfolios/properties,
—   for Alterimmo Europe SARL: owns real estate portfolios/properties,
—   for REI Spain B.V.: acquires, holds, manages and disposes real estate and other assets, which may be a source of income, participates in or conducts the management of other companies or enterprises whose aims are similar and provides guarantees and security for other group companies and on behalf of third parties,
—   for Portfolio: it is composed of 34 student housing residences spread over 17 cities in Spain.










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 the 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. The following reference should always be specified:
M.8644 — AXA/NN Group/Portfolio
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





E-mail: COMP-MERGER-REGISTRY@ec.europa.eu




Fax +32 22964301




Postal 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.