Prior notification of a concentration (Case M.10952 – NBIM / PSPIB / CAPITAL PARK) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 448/08
Date: 2022-11-25
Institutions: Directorate-General for Competition, European Commission
Subjects: United Kingdom, economic concentration, investment company, merger control, property leasing, real estate business








C_2022448EN.01003501.xml










25.11.2022   


EN


Official Journal of the European Union


C 448/35






Prior notification of a concentration
(Case M.10952 – NBIM / PSPIB / CAPITAL PARK)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 448/08)

1.   
On 16 November 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:






—


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










—


Public Sector Pension Investment Board (‘PSPIB’, Canada),










—


Longfellow Strategic Value UK I, LP (‘CPC Partnership’, UK) and Longfellow Strategic Value UK II, LP (‘NewCo’, UK).




NBIM and PSPIB will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of CPC Partnership and NewCo.
The concentration is accomplished by way of purchase of shares.


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






—


NBIM is the investment management division of Norges Bank and carries out the day-to-day management of the Government Pension Fund Global on behalf of the Norwegian Ministry of Finance,










—


PSPIB is the pension investment manager of the pension plans of the Canadian Federal Public Service, the Canadian Forces, the Royal Mounted Police and the Reserve Force,










—


CPC Partnership holds a 100 % interest in an office-led mixed use real estate development known as Capital Park, located in Cambridge, UK and will engage in leasing its real estate property to third parties in the UK,










—


NewCo will invest, operate and manage real property assets in the UK. Both CPC Partnership and NewCo will only be active in the UK.






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.10952 – NBIM / PSPIB / CAPITAL PARK
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.