Prior notification of a concentration (Case M.11403 – MASSMUTUAL / MUBADALA / KIINTEISTO) – Candidate case for simplified procedure
Date: 2024-01-24
Institutions: Directorate-General for Competition, European Commission
Subjects: disability insurance, economic concentration, insurance company, investment, life assurance, logistics, merger control, pension scheme, service, storage








C_202401052EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2024/1052


24.1.2024






Prior notification of a concentration
(Case M.11403 – MASSMUTUAL / MUBADALA / KIINTEISTO)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/1052)


1.   
On 16 January 2024, 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:






—


PELV Euro Fund Holdings LLC (USA), ultimately controlled by Massachusetts Mutual Life Insurance Company (‘MassMutual’, USA),










—


One Hundred and Five Investment Company – Sole Proprietorship LLC (United Arab Emirates), controlled by Mubadala Investment Company PJSC (‘Mubadala’, United Arab Emirates),










—


Kiinteistö Oy Viinikankaski 1 (‘Kiinteisto’, Finland), currently controlled by DWS Grundbesitz GmbH.




MassMutual and Mubadala acquire, within the meaning of Article 3(1), point (b) of the Merger Regulation, joint control of Kiinteisto
The concentration is accomplished by way of purchase of shares.


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






—


MassMutual: life insurance, annuity and disability products, a wide range of pension products and services, as well as investment services to individuals, corporations, and institutions,










—


Mubadala: investing in a wide range of strategic sectors, including industries, technology, life sciences, renewables, energy, real estate and infrastructure, business services, healthcare, materials, utilities, financials and consumer,










—


Kiinteisto: operating a premise consisting of two logistics warehouses located in the imminent vicinity of the Helsinki-Vantaa Airport in Finland.






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.11403 – MASSMUTUAL / MUBADALA / KIINTEISTO
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/2024/1052/oj
ISSN 1977-091X (electronic edition)