Prior notification of a concentration (Case M.9634 — PSP/Aviva/Galleri K) Candidate case for simplified procedure (Text with EEA relevance) 2019/C 403/05
Date: 2019-11-29
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, insurance, merger control, pension fund, property leasing, real estate business








C_2019403EN.01006901.xml










29.11.2019   


EN


Official Journal of the European Union


C 403/69






Prior notification of a concentration
(Case M.9634 — PSP/Aviva/Galleri K)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 403/05)

1.   

On 21 November 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:






—


PSP Investments Holding Europe Ltd, a wholly owned subsidiary of Public Sector Pension Investment Board (‘PSP’, Canada),










—


Aviva Investors Perpetual Capital SCSp SICAV-RAIF, belonging to Aviva Plc Group (‘Aviva’, UK),










—


Galleri K Retail ApS (‘Galleri K’, Denmark).




PSP and Aviva acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of Galerri K.
The concentration is accomplished by way of purchase of shares.

2.   
The business activities of the undertakings concerned are:






—


for PSP: the pension investment manager of several Canadian pension plans, including the pension plan of the Canadian Federal Public Service and the Canadian Forces. PSP manages a diversified global fixed-securities portfolio as well as investments in private equity, real estate, infrastructure, natural resources and private debt,










—


for Aviva: a UK incorporated company operating in the insurance sector that is listed on the London Stock Exchange. Aviva’s group provides a broad range of insurance, savings and investment products and is principally active in the UK, France and Canada,










—


for Galleri K: a Denmark-based company which owns retail, restaurant and office space in Copenhagen.






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.9634 — PSP/Aviva/Galleri K
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.