Prior notification of a concentration (Case M.10798 – NBIM / OXFORD PROPERTIES / SONY CENTER) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 252/06
Date: 2022-07-01
Institutions: Directorate-General for Competition, European Commission
Subjects: Berlin, Germany, economic concentration, investment, investment company, merger control, property development, property leasing, real property








C_2022252EN.01001701.xml










1.7.2022   


EN


Official Journal of the European Union


C 252/17






Prior notification of a concentration
(Case M.10798 – NBIM / OXFORD PROPERTIES / SONY CENTER)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 252/06)

1.   
On 23 June 2022, the Commission received notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of Council Regulation (EC) No 139/2004.
This notification concerns the following undertakings:






—


Norges Bank Investment Management (‘NBIM’, Norway),










—


Oxford Properties Group (‘Oxford Properties’, Canada) belonging to the OMERS Group (Canada),










—


Sochribel GmbH, Sochribel Fixtures GmbH, Esplanade Gastronomie GmbH, and Forum Event Management GmbH (the ‘Sony Center’, Germany).




NBIM and Oxford Properties will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Sony Center.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


NBIM: provides institutional investment for the Government Pension Fund Global on behalf of the Norwegian Ministry of Finance,










—


Oxford Properties: owns, develops and manages real estate assets. Oxford Properties belongs to the real estate arm of OMERS Administration Corporation, the administrator of the Ontario Municipal Employees Retirement System Primary Pension Plan and trustee of the pension funds,










—


Sony Center: multi-use commercial-rental and residential real estate asset in Berlin, Germany.






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 Council Regulation (EC) No 139/2004 (1) 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.10798 – NBIM / OXFORD PROPERTIES / SONY CENTER
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 C 366, 14.12.2013, p. 5.