CELEX: 32022M10716
Language: en
Date: 2022-05-03 00:00:00
Title: Commission Decision of 03/05/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10716 - PLD / NBIM / TARGET ASSET BLEISWIJK) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 3.5.2022
                                                                 C(2022) 3042 final
                                                                                 PUBLIC VERSION
                                                                 Prologis L.P.
                                                                 Pier 1, Bay 1
                                                                 CA 94111 San Franciso
                                                                 United States of America
                                                                 Norges Bank Investment Management
                                                                 Bankplassen 2
                                                                 NO-0107 Oslo
                                                                 Norway
Subject:        Case M.10716 – PLD / NBIM / TARGET ASSET BLEISWIJK
                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 5 April 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Prologis, L.P. (“PLD”, United States of America) and Norges Bank
        Investment Management (“NBIM”, Norway) will acquire within the meaning of
        Article 3(1)(b) of the Merger Regulation joint control over the whole of PERFEF II
        Emerald S.à r.l.Target Asset (“Target”, Luxembourg) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are the following:
          —        PLD owns, operates and develops real estate properties, mainly for industrial
                   purposes, in the Americas, Europe and Asia,
          —        NBIM provides institutional investment for the Government Pension Fund
                   Global on behalf of the Norwegian Ministry of Finance, focusing on
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 159, 12.04.2022, p. 21.
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---              worldwide investments including real estate investments in North America,
             Europe and Japan,
     —       The Target owns a real estate property located in Bleiswijk, the Netherlands,
             which is used as a logistics facility.
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
   paragraphs 5(a) and 5(c) of the Commission Notice on a simplified procedure for
   treatment of certain concentrations under Council Regulation (EC) No 139/2004.4
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.
                                                  2