Prior notification of a concentration (Case M.10856 – OAKTREE / CPP INVESTMENTS / PORTS AMERICA) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 320/24
Date: 2022-08-24
Institutions: Directorate-General for Competition, European Commission
Subjects: Canada, United States, economic concentration, harbour installation, investment company, maritime transport, merger control, pension scheme








C_2022320EN.01005501.xml










24.8.2022   


EN


Official Journal of the European Union


C 320/55






Prior notification of a concentration
(Case M.10856 – OAKTREE / CPP INVESTMENTS / PORTS AMERICA)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 320/24)

1.   
On 17 August 2022, 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:






—


Oaktree Transportation Infrastructure Capital Partners GP, L.P. (‘Oaktree Transportation’, United States),










—


CPPIB PAG Canada Inc. (‘CPPIB’, Canada),










—


Ports America Group, Inc. (‘Ports America’, United States).




Oaktree Transportation and CPPIB will acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of Ports America.
The concentration is accomplished by way of purchase of shares.


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






—


Oaktree Transportation: part of the broader Oaktree Capital group, a global alternative and non-traditional investment management firm,










—


CPPIB: part of Canada Pension Plan Investment Board, an investment management organisation that invests the funds transferred to it from the Canada Pension Plan, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, Sao Paulo, San Francisco and Sydney. Canada Pension Plan Investment Board principally invests in public equities, private equities, real estate, infrastructure and fixed income investments,










—


Ports America: marine terminal operator and stevedore company with operations throughout the U.S. coasts.






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 (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.10856 – OAKTREE / CPP INVESTMENTS / PORTS AMERICA
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.