CELEX: 32014M7243
Language: en
Date: 2014-06-30 00:00:00
Title: Commission Decision of 30/06/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7243 - AMVEST / NPM / HET GASTENHUIS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 30.6.2014
                                        C(2014) 4571 final

                                        |To the notifying parties:                                          |                                                                   |
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Dear Madam(s) and/or Sir(s),

Subject:    Case M.7243 – AMVEST/ NPM/ HET GASTENHUIS
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 27 May 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation  by
    which Amvest Vastgoed B.V. ("Amvest", the Netherlands), controlled by PGGM N.V. ("PGGM", the  Netherlands)  and  AEGON  N.V.  ("AEGON",  the
    Netherlands), and NPM Capital N.V. ("NPM", the Netherlands), controlled by SHV Holdings N.V, acquire within the meaning of  Article  3(1)(b)
    of the Merger Regulation joint control of Het Gastenhuis B.V. ("Het Gastenhuis", the Netherlands), by way of purchase of shares.
 2. The business activities of the undertakings concerned are:

       - Amvest is a fund management and development company for homes and residential areas. It is jointly controlled by PGGM,  a  pension  fund
         management and investment management company, and AEGON, a pension insurance company.

       - NPM is a private equity company that manages investments in various sectors, such as automotive supplies, building  materials,  consumer
         good, healthcare, e-commerce, industrial services and retail. NPM is wholly-owned by SHV Holdings N.V., a Dutch family-owned company.

       - Het Gastenhuis is a recently set up joint venture that will be active in the operation of small-scale nursing  homes  for  persons  with
         memory difficulties in the Netherlands[2].

 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) and 5(c) of the Commission Notice on a simplified procedure for treatment of certain  concentrations
    under Council Regulation (EC) No 139/2004[3]

 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.

                                       For the Commission
                                        (signed)
                                        Alexander ITALIANER
                                       Director General
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[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]   Publication in the Official Journal of the European Union No C 173, 7.6.2014, p.7.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE