Prior notification of a concentration (Case M.9573 — Brookfield/Iridium/Global Borealis) Candidate case for simplified procedure (Text with EEA relevance) 2019/C 382/10
Date: 2019-11-11
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, health care, investment company, land transport, merger control, provision of services, real estate business, renewable energy, service concession, transport infrastructure








C_2019382EN.01002701.xml










11.11.2019   


EN


Official Journal of the European Union


C 382/27






Prior notification of a concentration
(Case M.9573 — Brookfield/Iridium/Global Borealis)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 382/10)

1.   
On 31 October 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:






—


Brookfield Asset Management Inc (‘Brookfield’, Canada),










—


Iridium Concesiones de Infraestructuras, S.A.D (‘Iridium’, Spain), belonging to the group Actividades De Construcción Y Servicios, S.A. (ACS group, Spain),










—


Global Borealis S.L. (‘Global Borealis’, Spain).




Brookfield and Iridium acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Global Borealis.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


for Brookfield: Providing asset management services globally. Focused on real estate, infrastructure, renewable power and private equity,










—


for Iridium: active globally in the development, management and maintenance of concessions involving transport and public works, part of the ACS construction group, already jointly controlling Global Borealis,










—


for Global Borealis: holding and management of concessions in the transport infrastructure and hospital sector 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 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.9573 — Brookfield/Iridium/Global Borealis
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.