CELEX: 32016M8052
Language: en
Date: 2016-06-15 00:00:00
Title: Commission Decision of 15/06/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.8052 - SEGRO / PSPIB / SELP / TORINO DC1) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                     
                  
               
               Brussels, 15/06/2016
            
            
               C(2016) 1493 final
            
            
                  
                     
                     
                     
                     
                     
                     
                     
                     
                     
                     
                     
                     
                     
            
            
            
                     
                        To the notifying parties:
                        
                  
                  
                     
                  
               
                     
                  
                  
                     
                  
               
               Dear Sirs,
            
            
               Subject:Case M.8052 - SEGRO / PSPIB / SELP / TORINO DC1
                  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
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                and Article 57 of the Agreement on the European Economic Area
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               1.On 19 May 2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which SEGRO plc ("SEGRO", UK) and Pulic Sector Pension Investment Board ("PSPIB", Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation, through their jointly controlled joint venture SEGRO European Logistics Partnership S.à r.l. ("SELP"), joint control over one future income producing logistics asset in Italy (the "Target Asset"), e.g. the logistics asset Torino DC1 located in Brandizzo in Italy, by way of purchase of assets.
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               2.The business activities of the undertakings concerned are:
            
            
               -for SEGRO: owning, managing and developing modern warehousing, light industrial and data centre properties;
            
            
               -for PSPIB: managing stocks, bonds and other fixed-income securities as well as investments in private equity, real estate, infrastructure and natural resources;
            
            
               -for Torino DC 1: warehouse and distribution center to be leased to Decathlon Italia.
            
            
               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(a) and 5(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
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               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
            
         
         
            
                  
                     (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 188, 27.05.2016, p. 5.
               
               
                  
                     (4)
                  
                  
                      
                           OJ C 366, 14.12.2013, p. 5.