Prior notification of a concentration (Case M.11102 – SILVER FAWN / MHI / AYOSA HOTELES / EVERTMEL / JAMAICA DEVCO) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 190/15
Date: 2023-05-31
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, hotel industry, investment company, merger control








C_2023190EN.01001901.xml










31.5.2023   


EN


Official Journal of the European Union


C 190/19






Prior notification of a concentration
(Case M.11102 – SILVER FAWN / MHI / AYOSA HOTELES / EVERTMEL / JAMAICA DEVCO)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 190/15)

1.   
On 22 May 2023, 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:






—


Silver Fawn C 2023 S.à r.l. (‘Silver Fawn’, Luxembourg), ultimately controlled by Abu Dhabi Investment Authority (‘ADIA’, UAE),










—


Melia Hotels International S.A. (‘MHI’, Spain),










—


Ayosa Hoteles S.L, Evertmel S.L and Jamaica Devco S.L (the ‘Target Companies’, Spain).




Silver Fawn and MHI will acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the Target Companies.
The concentration is accomplished by way of purchase of shares.


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






—


Silver Fawn is an indirectly wholly owned subsidiary of ADIA, which is a public institution established by the Emirate of Abu Dhabi in 1976 as an independent investment institution. It invests funds allocated to it by the Government of Abu Dhabi and manages a global investment portfolio that is diversified across multiple asset classes,










—


MHI operates more than 300 hotels in 48 countries across Asia, Europe, Middle Orient, Africa, South, Centre and North America, and the Caribbean,










—


The Target Companies own the real estate and businesses of seven hotels and one beach club located in Calviá, Mallorca, Spain. Pre-transaction, the Target Companies are jointly controlled by MHI and Woodford Inversiones, S.L.






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.11102 – SILVER FAWN / MHI / AYOSA HOTELES / EVERTMEL / JAMAICA DEVCO
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
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.