Prior notification of a concentration (Case M.11312 – PLATINUM COMPASS / DIGITALBRIDGE / LANDMARK DIVIDEND) – Candidate case for simplified procedure
Date: 2023-11-20
Institutions: Directorate-General for Competition, European Commission
Subjects: digital technology, division of property, economic concentration, investment, investment company, merger control, public sector, real estate business, renewable energy, transmission network








C_202301052EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2023/1052


20.11.2023






Prior notification of a concentration
(Case M.11312 – PLATINUM COMPASS / DIGITALBRIDGE / LANDMARK DIVIDEND)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2023/1052)


1.   
On 13 November 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:






—


Platinum Compass B 2018 RSC Limited (‘Platinum Compass’, Abu Dhabi, United Arab Emirates) controlled by Abu Dhabi Investment Authority (‘ADIA’, Abu Dhabi, United Arab Emirates),










—


DigitalBridge Group, Inc. (‘DigitalBridge’, USA),










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Landmark Dividend LLC (‘Landmark’, USA) controlled by DigitalBridge.




Platinum Compass and DigitalBridge will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Landmark.
The concentration is accomplished by way of purchase of shares.


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






—


Platinum Compass is wholly-owned and controlled by ADIA, a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. ADIA manages a global investment portfolio that is diversified across more than two dozen asset classes and sub-categories,










—


DigitalBridge is a global-scale digital infrastructure investment firm that invests in five key areas: (i) data centres; (ii) cell towers; (iii) fibre networks; (iv) small cells; and (v) edge infrastructure. DigitalBridge is publicly listed on the New York Stock Exchange (ticker symbol: DBRG),










—


Landmark is a real estate investment firm that acquires real property interests associated with digital infrastructure in the US, Canada and Australia with no revenues or assets in the EEA. Landmark is primarily focused on the data center, wireless communication, outdoor advertising and renewable power generation industries.






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 treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (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.11312 – PLATINUM COMPASS / DIGITALBRIDGE / LANDMARK DIVIDEND
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 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2023/1052/oj
ISSN 1977-091X (electronic edition)