CELEX: 32020M9755
Language: en
Date: 2020-03-27 00:00:00
Title: Commission Decision of 27/03/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9755 - MAIF 2 / PSP / AIRTRUNK) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 27.03.2020
                                                                C(2020) 2018 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9755 – MAIF 2 / PSP / AIRTRUNK
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 5 March 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Macquarie Asia Infrastructure Investments 2 Pte Ltd (‘MAIF2’,
        Singapore) controlled by the Macquarie Group Limited (‘Macquarie Group’,
        Australia) and Public Sector Pension Investment Board (‘PSP’, Canada) acquire
        within the meaning of Article 3(1)(b) of the Merger Regulation indirect joint control
        over the whole of the undertaking AirTrunk Cayman Holding Trust (‘AirTrunk’,
        Cayman Islands) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for MAIF2: investments in infrastructure and infrastructure related business in
              Asia. It belongs to the Macquarie Group, a global provider of banking, financial,
              advisory, investment and funds management services,
             for PSP: pension investment manager of various Canadian pension plans
              managing a diversified global portfolio including stocks, bonds and other fixed-
              income securities and investments in private equity, real estate, infrastructure,
              natural resources and credit investments,
             for AirTrunk: data centre specialist creating a platform for cloud, content and
              large enterprise customers across the Asia-Pacific region. It currently operates
1       OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on
        the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the
        replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology
        of the TFEU will be used throughout this decision.
2       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 83, 13.03.2020, p. 69.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak---         two data centre campuses in Australia, Sydney and Melbourne, and is developing
        a further two data centre campuses in Singapore and Hong Kong.
3. After examination of the notification, the European Commission has concluded that
   the notified operation falls within the scope of the Merger Regulation and of
   paragraph 5(a) of the Commission Notice on a simplified procedure for treatment of
   certain concentrations under Council Regulation (EC) No 139/2004.4
4. For the reasons set out in the Notice on a simplified procedure, the European
   Commission has decided not to oppose the notified operation and to declare it
   compatible with the internal market and with the EEA Agreement. This decision is
   adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of
   the EEA Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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