CELEX: 32021M10426
Language: en
Date: 2021-10-05 00:00:00
Title: Commission Decision of 05/10/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10426 - LONE STAR / GREEN-CITY IMMOBILIER) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 5.10.2021
                                                                 C(2021) 7327 final
                                                                                 PUBLIC VERSION
                                                                 Lone Star Europe Acquisitions Limited
                                                                 12 Queen Anne Street
                                                                 W1G 9LF – London
                                                                 United Kingdom
Subject:        Case M.10426 – LONE STAR / GREEN-CITY IMMOBILIER
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 10 September 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which LSREF6 Balto
        Holdings S.à r.l. (“Lone Star”, Bermuda), controlled by Lone Star Funds acquires
        within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the
        whole of Green-City Immobilier (France).3
2.      The business activities of the undertakings concerned are:
             for Lone Star: wholly owned subsidiary of affiliates of Lone Star Funds, a private
              equity firm that invests globally in real estate, equity, credit, and other financial
              assets,
             for Green-City Immobilier: independent real estate developer in major cities in
              France, with a focus on new housing, such as collective housing, intermediate
              housing, houses and / or detached villas, townhouses and student residences.
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
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 375, 17.9.2021, p. 3-4.
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---    paragraph 5(c) 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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