Prior notification of a concentration (Case M.9132 — ICF Novedis/CDC Habitat/Swiss Life REIM/Foncière Vesta) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2018-10-26
Institutions: European Commission
Subjects: carriage of goods, carriage of passengers, economic concentration, insurance, investment company, merger control, real estate business, subsidised housing








C_2018388EN.01001101.xml










26.10.2018   


EN


Official Journal of the European Union


C 388/11






Prior notification of a concentration
(Case M.9132 — ICF Novedis/CDC Habitat/Swiss Life REIM/Foncière Vesta)
Candidate case for simplified procedure
(Text with EEA relevance)
(2018/C 388/11)

1.   
On 18 October 2018, 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:






—


ICF Novedis SA (‘ICF Novedis’, France), belonging to the SNCF group (France),










—


CDC Habitat SAEM (‘CDC Habitat’, France), belonging to the Caisse des Dépôts et Consignations group (France),










—


Swiss Life REIM (France) SA (‘Swiss Life REIM’, France), belonging to the Swiss Life group (Switzerland).




ICF Novedis, CDC Habitat and Swiss Life REIM acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Foncière Vesta, a company that owns a property portfolio that was until now controlled solely by the SNCF group.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:
—   ICF Novedis: housing subsidiary of the SNCF group, an undertaking operating in the transport of passengers and goods,
—   CDC Habitat: public-interest property subsidiary of the Caisse des Dépôts et Consignations active in the social housing and affordable housing sectors,
—   Swiss Life REIM: asset management company wholly owned and controlled by the Swiss Life group operating in the insurance and asset management sector.


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 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 no later than 10 days following the date on which this notification is published. The following reference should always be specified:
M.9132 — ICF Novedis/CDC Habitat/Swiss Life REIM/Foncière Vesta
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





Email: 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.