Prior notification of a concentration (Case M.9745 — Sunsuper/Macquarie/PGGM/MAGL) Candidate case for simplified procedure (Text with EEA relevance) 2020/C 64/12
Date: 2020-02-27
Institutions: Directorate-General for Competition, European Commission
Subjects: aircraft, banking, consultancy, economic concentration, financial services, merger control, pension fund, rental business








C_2020064EN.01003901.xml










27.2.2020   


EN


Official Journal of the European Union


C 64/39






Prior notification of a concentration
(Case M.9745 — Sunsuper/Macquarie/PGGM/MAGL)
Candidate case for simplified procedure
(Text with EEA relevance)
(2020/C 64/12)

1.   
On 20 February 2020, 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:






—


Sunsuper Pty Ltd, in its capacity as trustee of Sunsuper Superannuation Fund (‘Sunsuper’, Australia),










—


Stichting Depositary PGGM Infrastructure Funds (‘PGGM’, The Netherlands), belonging to the PGGM Group (The Netherlands)










—


Macquarie Transportation Finance Limited, belonging to Macquarie Group (‘Macquarie’, Australia),










—


Macquarie AirFinance Group Limited (‘MAGL’, UK), currently jointly controlled by Macquarie and PGGM.




Sunsuper, Macquarie and PGGM acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of MAGL.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


for Sunsuper: pension fund active in the operation of organisational pension programmes in Australia.,










—


for PGGM Group: manages pensions for different pension funds, the affiliated employers and their employees on a global level,










—


for Macquarie: a diversified financial group that provides asset management and finance, banking, advisory and risk and capital solutions on a global level,










—


for MAGL: active in aircraft leasing on a global level with a diverse customer base, leasing aircraft to more than 80 airlines in approximately 50 different countries 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.9745 — Sunsuper/Macquarie/PGGM/MAGL
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.