CELEX: 32018M9055
Language: en
Date: 2018-10-10 00:00:00
Title: Commission Decision of 10/10/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.9055 - LSF Pacific Holdings S.à r.l. / CaixaBank, S.A.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 10.10.2018
                                                                C(2018) 6773 final
                                                                     PUBLIC VERSION
                                                                To the notifying party :
Subject:        Case M.9055 - Lone Star/CaixaBank Assets
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                          2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 17 September 2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the undertaking
        Lone Star, through its subsidiary LSF Pacific Holdings S.à r.l. (Luxembourg), acquires
        within the meaning of Article 3(1)(b) of the Merger Regulation sole control of a portfolio
        of real estate owned assets (the "Pacific Portfolio") of BuildingCenter S.A. Unipersonal
        (Spain), and of ServiHabitat Servicios Inmobiliarios, S.L. (Spain), both belonging to
        CaixaBank (together, the "CaixaBank Assets"), by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     for Lone Star: a private equity firm that invests globally in real estate, equity, credit,
              and other financial assets;
        −     for the Caixabank Assets: a provider of real estate management services for the Pacific
              Portfolio as well as other real estate properties, owned by CaixaBank or other 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
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 344, 26.09.2018, p. 6.
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---    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)
                                                   Johannes LAITENBERGER
                                                   Director-General
4  OJ C 366, 14.12.2013, p. 5.
                                                 2