Prior notification of a concentration (Case M.10954 – BOUYGUES IMMOBILIER / CLC HOLDINGS / CLC FRANCE PROPERTY JV) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 464/11
Date: 2022-12-06
Institutions: Directorate-General for Competition, European Commission
Subjects: building industry, economic concentration, housing, investment company, means of communication, merger control, real estate business, telecommunications








C_2022464EN.01001201.xml










6.12.2022   


EN


Official Journal of the European Union


C 464/12






Prior notification of a concentration
(Case M.10954 – BOUYGUES IMMOBILIER / CLC HOLDINGS / CLC FRANCE PROPERTY JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 464/11)

1.   
On 28 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:






—


Bouygues Immobilier (France), controlled by the Bouygues group (France),










—


CLC Holdings S.à.r.l (‘CLC Holdings’, Luxembourg), controlled by Ares Management Corporation (‘Ares Management’, United States),










—


CLC France Property (France).




Bouygues Immobilier and CLC Holdings will acquire, within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation, joint control of CLC France Property, a full-function joint venture.
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.


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






—


Bouygues Immobilier: a company active in the real estate services sector with projects in housing, business and commercial premises and the development of sustainable urban neighbourhoods in France, Europe and across the world. Bouygues Immobilier is a subsidiary of the Bouygues group, which is active in the (i) construction, (ii) public works, (iii) telecommunications and (iv) media sectors,










—


CLC Holdings: a company intended to hold a shareholding in CLC France Property for Ares Management, a global alternative asset manager operating on the credit, private equity and real estate markets,










—


CLC France Property: a company that will be active in the co-living services sector in France.






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.10954 – BOUYGUES IMMOBILIER / CLC HOLDINGS / CLC FRANCE PROPERTY JV
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.