Prior notification of a concentration (Case M.10297 - CDPQ/OTPP/Ohio) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 207/05
Date: 2021-06-01
Institutions: Directorate-General for Competition, European Commission
Subjects: consultancy, disability insurance, economic concentration, investment company, life assurance, merger control, pension scheme








C_2021207EN.01000801.xml










1.6.2021   


EN


Official Journal of the European Union


C 207/8






Prior notification of a concentration
(Case M.10297 - CDPQ/OTPP/Ohio)
Candidate case for simplified procedure
(Text with EEA relevance)
(2021/C 207/05)

1.   
On 21 May 2021, 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:






—


Caisse de dépôt et placement du Québec (‘CDPQ’, Canada);










—


Ontario Teachers’ Pension Plan Board (‘OTPP’, Canada);










—


Ohio National Mutual Holdings, Inc. (‘Ohio’, US).




CDPQ and OTPP acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Ohio, via their platform Constellation Insurance LP.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


CDPQ is a long-term institutional investor managing funds primarily for public and para-public pension and insurance plans globally. It invests these funds in major financial markets, private equity, fixed income, infrastructure and real estate;










—


OTPP is concerned with the administration of pension benefits and the investment of pension plan assets on behalf of approximately 331,000 active and retired teachers in the Canadian province of Ontario;










—


Ohio is a US provider of individual life insurance, disability income insurance and annuities, as well as broker-dealer and investment advisory services and, outside of the US, is also active in Brazil, Chile and Peru.






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.10297 - CDPQ/OTPP/Ohio
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.