CELEX: 32019M9338
Language: en
Date: 2019-06-19 00:00:00
Title: Commission Decision of 19/06/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9338 - Samsung SRA Asset Management Co., Ltd / New Primonial Holding SAS / Building Lumière) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 19.6.2019
                                                                C(2019) 4613 final
                                                                                      PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9338 - PRIMONIAL / SAMSUNG SRA / BUILDING LUMIÈRE
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
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                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 21 May 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which New Primonial
        Holding SAS (“Primonial”, France) belonging to the Bridgepoint group (United Kingdom)
        and Samsung SRA Asset Management Co., Ltd (“SRA”, South Korea), belonging to the
        Samsung group (South Korea) acquire within the meaning of Article 3(1)(b) of the Merger
        Regulation joint control of “Building Lumière” (France).3
2.      The business activities of the undertakings concerned are:
          -   for Primonial: wealth management services,
          -   for SRA: general partner and manager of several real estate funds,
          -   for “Building Lumière”: a real estate property located in Paris
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.
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 185, 29.05.2019, p. 22.
4       OJ C 366, 14.12.2013, p. 5.
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 the Commission
  (Signed)
  Johannes LAITENBERGER
  Director-General
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