CELEX: 32021M10421
Language: en
Date: 2021-10-04 00:00:00
Title: Commission Decision of 04/10/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10421 - PRIMONIAL / SOCIÉTÉ GÉNÉRALE / OPG WINDOW) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 4.10.2021
                                                                C(2021) 7307 final
                                                                                 PUBLIC VERSION
                                                                PRIMONIAL REAL ESTATE
                                                                INVESTMENT MANAGEMENT
                                                                36 rue de Naples
                                                                75008 Paris
                                                                France
                                                                Sogécap S.A.
                                                                Tour D2, 17b Place des Reflets
                                                                92219 Paris La Défense
                                                                France
Subject:        Case M.10421 – PRIMONIAL / SOCIÉTÉ GÉNÉRALE / OPG WINDOW
                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 7 September 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Primonial Real
        Estate Investment Management ("Primonial REIM", France), controlled by
        Bridgepoint group (“Bridgegroup”, UK) and Latour Group (“Latour”, France), and
        Sogécap (France), controlled by Société Générale group ("Société Générale", France),
        acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control
        over the whole of the undertaking OPG Window (France) by way of purchase of
        shares.3
2.      The business activities of the undertakings concerned are:
        −     for Primonial REIM: real estate investments including research, development, and
              distribution of structured investment solutions, assets, and real estate investment
              management services;
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 370, 15.9.2021, p. 8-9.
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 Sogecap: life insurance savings and protection products offered to Société
       Générale’s Retail and Private Banking networks;
   −   for OPG Window: real estate asset known as the "Window" building located at
       19 Parvis de La Défense, Puteaux, France (92).
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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
                                              2