CELEX: 32018M9131
Language: en
Date: 2018-11-23 00:00:00
Title: Commission Decision of 23/11/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.9131 - The Blackstone Group L.P. / Tele-Finance Holdings Limited / Network Rail Infrastructure Limited) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 23.11.2018
                                                                C(2018)8000 final
                                                                     PUBLIC VERSION
                                                                To the notifying parties :
Subject:        Case M.9131 – Blackstone / Telereal Trillium / Real Estate JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 26 October 2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which The Blackstone
        Group L.P. (‘Blackstone’, USA) and Tele-Finance Holdings Limited (‘Telereal Trillium’,
        United Kingdom) acquire, within the meaning of Article 3(1)(b) of the Merger Regulation,
        joint control of the commercial estate business of Network Rail Infrastructure Limited (the
        ‘Real Estate JV’, United Kingdom). The concentration is accomplished by way of
        contract.3
2.      The business activities of the undertakings concerned are:
        - for Blackstone: global asset manager, headquartered in the USA with offices in Europe
        and Asia, operating as an investment management firm;
        - for Telereal Trillium: property management company operating in property partnerships,
        investment, development and strategic land;
        - for the Real Estate JV: the commercial estate business of Network Rail Infrastructure
        Limited, which is a public sector body that manages Britain’s railway infrastructure in
        England, Wales and Scotland.
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 401, 07.11.2018, p. 13.
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--- 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 6 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 CommissionJohannes
                                                   (Signed)
                                                   LAITENBERGER
                                                   Director-General
4  OJ C 366, 14.12.2013, p. 5.
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