CELEX: 32020M10033
Language: en
Date: 2020-12-04 00:00:00
Title: Commission Decision of 04/12/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.10033 - PLATINUM COMPASS / OTPP / EDPL) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 4.12.2020
                                                                C(2020) 8767 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.10033 – PLATINUM COMPASS / OTPP / EDPL
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.
        On 12 November 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Platinum Compass B 2018 RSC Limited (“Platinum Compass”),
        ultimately controlled by Abu Dhabi Investment Authority (“ADIA”) (both of the
        United Arab Emirates), Ontario Teachers' Pension Plan Board (“OTPP”, Canada), and
        Equis Development Holdings LLC (“Equis”, Singapore) acquire within the meaning
        of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over the whole of
        Equis Development Pte. Ltd. (“EDPL”, Singapore) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Platinum Compass: a wholly-owned subsidiary of ADIA which owns and
              manages investments. ADIA is a government entity owned by the Emirate of Abu
              Dhabi. It invests funds allocated to it by the government of Abu Dhabi and
              manages the portfolio across multiple asset classes,
             for OTPP: administers pension benefits and the investment of pension plan assets
              on behalf of approximately 329,000 active and retired teachers in the Canadian
              province of Ontario,
             for Equis: an infrastructure asset development company actively pursuing
              infrastructure development and investment across the Asia-Pacific region,
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 395, 20.11.2020, p. 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---        for EDPL: develops, constructs and operates infrastructure projects in Asia-
        Pacific, in particular targeting: (a) the generation of electricity from solar, wind,
        biomass or waste; and (b) the recycling and processing of waste.
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) 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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