CELEX: 32021M10152
Language: en
Date: 2021-03-02 00:00:00
Title: Commission Decision of 02/03/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10152 - TEMASEK / GATEGROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 02.03.2021
                                                                C(2021) 1536 final
                                                                                 PUBLIC VERSION
                                                                Temasek Holdings (Private) Limited
                                                                60B Orchard Road, #06-18 Tower 2,
                                                                The Atrium@Orchard
                                                                238891 – Singapore
                                                                Singapore
Subject:        Case M.10152 – TEMASEK / GATEGROUP
                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 05 February 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking Temasek Holdings (Private) Limited (‘Temasek’, Singapore) acquires
        within the meaning of Article 3(1)(b) of the Merger Regulation sole control over the
        whole of the undertaking gategroup Holding AG (‘Gategroup’, Switzerland), currently
        jointly controlled by Temasek and RRJ Capital Master Fund III, L.P. (‘RRJ’, Hong
        Kong) by way of contract.3
2.      The business activities of the undertakings concerned are:
             for Temasek: investment company headquartered in Singapore, mainly active in
              Singapore and the rest of Asia. Its investments cover a broad spectrum of
              industries, including financial services, telecommunications, media,
              transportation, real estate, energy and life sciences.
             for Gategroup: active in provision of in-flight catering and retail onboard services
              and related services. Gategroup is active in over 60 countries across all
              continents, including in the EEA.
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 49, 12.2.2021, p. 7-8.
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--- 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(d) 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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