CELEX: 32022M10606
Language: en
Date: 2022-03-11 00:00:00
Title: Commission Decision of 11/03/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10606 - MUBADALA / NATIONALE-NEDERLANDEN / HEALTHCARE ACTIVOS MANAGEMENT / HEALTHCARE ACTIVOS YIELD SOCIMI / HEALTHCARE ACTIVOS INVESTMENT / SEQUÊNCIALTERNATIVA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                               Brussels, 11.3.2022
                                                               C(2022) 1595 final
                                                                               PUBLIC VERSION
                                                               Mubadala Investment Company
                                                               PO Box 45005
                                                               Abu Dhabi
                                                               United Arab Emirates
                                                               Nationale-Nederlanden
                                                               Schenkkade 65
                                                               2595 AS, the Hague,
                                                               The Netherlands
                                                               Healthcare Activos Management S.L.
                                                               Paseo de la Castellana,45,6º Izq.
                                                               28046 Madrid
                                                               Spain
Subject:        Case M.10606 – MUBADALA / NATIONALE-NEDERLANDEN /
                HEALTHCARE ACTIVOS MANAGEMENT / HEALTHCARE
                ACTIVOS YIELD SOCIMI / HEALTHCARE ACTIVOS INVESTMENT
                / SEQUÊNCIALTERNATIVA
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
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                Economic Area
Dear Sir or Madam,
1.      On 16 February 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Mubadala
        Investment Company (‘MIC’, United Arab Emirates), Nationale-Nederlanden (‘NN’,
        the Netherlands), and Healthcare Activos Management S.L. (‘HAM’, Spain), acquire
        within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control
        of HEALTHCARE ACTIVOS YIELD SOCIMI S.A., (‘HAY’, Spain), various real
        estate companies owned by HEALTHCARE ACTIVOS INVESTMENT, S.A.
        (‘HAISA Entities’, Spain), and Sequêncialternativa S.A. (‘SQA’, Portugal) by way 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’).
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---    purchase of shares (HAY, the HAISA Entities and SQA are jointly referred as the
   ‘Target’).3
2. The business activities of the undertakings concerned are:
       for MIC: investing in a wide range of strategic sectors, including energy, utilities,
        real estate, basic industries and services. MIC holds investments in entities that
        are active in multiple countries around the world,
       for NN: an international financial services company that provides retirement,
        pensions, insurance, investments and banking services,
       for HAM: the provision of management services to the Target,
       for the Target: the acquisition and leasing of real estate assets for healthcare uses,
        such as clinics, hospitals, primary care centres, nursing homes and mental care
        institutions. The Target’s assets are located in Spain and Portugal.
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
3  Publication in the Official Journal of the European Union No C C88, 24.02.2022, p. 24.
4  OJ C 366, 14.12.2013, p. 5.
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