Prior notification of a concentration (Case M.9365 — EPPL/APG/KRC/citizenM) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2019-05-24
Institutions: European Commission
Subjects: catering industry, economic concentration, hotel industry, investment company, merger control, real estate business








C_2019179EN.01001801.xml










24.5.2019   


EN


Official Journal of the European Union


C 179/18






Prior notification of a concentration
(Case M.9365 — EPPL/APG/KRC/citizenM)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 179/09)

1.   
On 16 May 2019, 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:






—


Euro Petunia Private Limited (‘EPPL’, Singapore), controlled by GIC (Realty) Private Limited (‘GIC Realty’, Singapore),










—


Stichting Depositary APG Strategic Real Estate Pool (‘APG’, Netherlands), controlled by Stichting Pensioenfonds ABP (‘ABP’, Netherlands),










—


KRC Capital B.V. (‘KRC’, Netherlands),










—


citizenM Holding B.V. (‘citizenM’, Netherlands).




EPPL, APG and KRC acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of citizenM.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:
—   for EPPL: an investment company belonging to GIC Reality, focusing on the ownership of real estate assets on behalf of the Government of Singapore,
—   for APG: a depositary for an investment fund whose ultimate beneficial owner is ABP, a Dutch pension administration organisation that specialises in the field of collective pensions in the public sector,
—   for KRC: a managing company for investments in leisure and hospitality,
—   for citizen: active in the development, acquisition and operation of luxury hotels worldwide.


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 not later than 10 days following the date of this publication. The following reference should always be specified:
M.9365 — EPPL/APG/KRC/citizenM
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.