CELEX: 32015M7653
Language: en
Date: 2015-07-17 00:00:00
Title: Commission Decision of 17/07/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7653 - AMF / ILMARINEN / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 17.7.2015
                                        C(2015)5145

                                        [pic]

|To the notifying parties:                                              |                                                                       |

Dear Sir/Madam,

Subject:    Case M.7653 – AMF/ ILMARINEN/ JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 24 June 2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by
    which the undertakings AMF Pensionsförsäkring AB ("AMF", Sweden) and Ilmarinen  Mutual  Pension  Insurance  Company  ("Ilmarinen",  Finland)
    acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Kiinteistö Oy  Ilmarisen  Talo  114  ("JV",
    Finland) by way of purchase of shares in a newly created company constituting a joint venture.[3]

 2. The business activities of the undertakings concerned are:

  – for AMF: property investment and development. AMF is also active in life insurance.

  – for Ilmarinen: real estate investments and development. Ilmarinen is also  active  in  employment  pension  insurance  and  other  financial
    investments.

  – for the JV: real estate investments and letting of office and storage space to third parties.

 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.[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)
                                        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]   OJ L 1, 3.1.1994, p. 3 (the "EEA Agreement").

[3]   Publication in the Official Journal of the European Union No C 223, 08.07.2015, p. 5.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE