CELEX: 32014M7110
Language: en
Date: 2014-01-30 00:00:00
Title: Commission Decision of 30/01/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7110 - GIC REALTY / BRITISH LAND / BROADGATE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                      Brussels, 30.1.2014
                                      C(2014) 597 final

                                        |To the notifying parties:                                             |                                                                      |

Dear Madam(s) and/or Sir(s),

Subject:    Case No COMP/M.7110 - GIC REALTY/ BRITISH LAND/ BROADGATE
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

   1. On 03/01/2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation  by
      which the GIC (Realty) Private Limited ("GIC Realty", Singapore) and The British Land Company plc  ("British  Land",  the  United  Kingdom)
      acquire within the meaning of Article 3(1)(b) of the  Merger  Regulation  joint  control  of  Bluebutton  Properties  Limited  ("Bluebutton
      Properties", the United Kingdom) by way of purchase of shares.

        2. The business activities of the undertakings concerned are:

      -     for GIC Realty : the ownership and administration of the real estate assets of the government of Singapore;

      -     for British Land : the ownership and management of real estate;

      -     for Bluebutton Properties : the rental and operation of commercial real estate at Broadgate (London).[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(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 008, 11/01/2014, p.8.

[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE