Prior notification of a concentration (Case M.10858 – RAFFLES / APG / CMGO / TSH) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 349/06
Date: 2022-09-12
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, hotel industry, investment company, merger control, parent company, real estate business, subsidiary








C_2022349EN.01000901.xml










12.9.2022   


EN


Official Journal of the European Union


C 349/9






Prior notification of a concentration
(Case M.10858 – RAFFLES / APG / CMGO / TSH)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 349/06)

1.   
On 2 September 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:






—


Raffles Leven Limited (‘Raffles’, UK), belonging to GIC Realty (Singapore),










—


Stichting Depositary APG Strategic Real Estate Pool for the account and risk of APG Strategic Real Estate Pool (‘APG’, the Netherlands) controlled by Stichting Pensioenfonds ABP (‘ABP’, the Netherlands),










—


MacGregor TSH 2 B.V. (‘CMGO’, the Netherlands),










—


TSH Grafton B.V. (‘TSH’, the Netherlands).




Raffles, APG and CMGO will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of TSH.
The concentration is accomplished by way of purchase of shares.


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






—


TSH: company whose principal area of business is the operation of The Student Hotel group, which is a hybrid hospitality business with 15 operating properties in the EU,










—


Raffles: indirect subsidiary of GIC Realty, which is focusing on the ownership of real estate assets on behalf of the government of Singapore,










—


APG: a depositary for an investment fund whose ultimate beneficial owner is ABP, a Dutch pension administration organisation that specialises in the field of collective pensions in the public sector,










—


CMGO: company representing the interest of the original founder of The Student Hotel group.






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.10858 – RAFFLES / APG / CMGO / TSH
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.