CELEX: 32021M10298
Language: en
Date: 2021-06-23 00:00:00
Title: Commission Decision of 23/06/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10298 - COLONY CAPITAL / PLATINUM SPRING / EDGEPOINT) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 23.06.2021
                                                                C(2021) 4761 final
                                                                                 PUBLIC VERSION
                                                                Colony Capital, Inc.
                                                                750 Park of Commerce
                                                                Drive Suite 210
                                                                Boca Raton, FL, 33487
                                                                United States of America
                                                                Platinum Spring B 2019 RSC Limited
                                                                26th Floor, Al Khatem Tower
                                                                Abu Dhabi Global Market Square
                                                                PO Box 25642 Al Maryah Island
                                                                Abu Dhabi
                                                                United Arab Emirates
Subject:        Case M.10298 – COLONY CAPITAL / PLATINUM SPRING /
                EDGEPOINT
                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 1 June 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Colony
        Capital, Inc. (“Colony Capital”, United States of America) and Platinum Spring B
        2019 RSC Limited (“Platinum Spring”, United Arab Emirates) intend to acquire,
        within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation, joint control
        over EdgePoint HoldCo Pte Ltd (“EdgePoint”, Singapore), currently solely controlled
        by Colony Capital. The concentration is accomplished by way of purchase of shares.3
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 (the ‘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 219, 9.6.2021, p. 14.
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--- 2. The business activities of the undertakings concerned are:
   −    for Colony Capital: a publicly traded global real estate and investment
        management firm,
   −    for Platinum Spring: an investment holding company that owns and manages
        investments. It is a wholly-owned subsidiary of Abu Dhabi Investment Authority
        (“ADIA”), an independent investment institution established by the Government
        of the Emirate of Abu Dhabi. ADIA manages a global investment portfolio across
        more than two dozen asset classes and sub-categories,
   −    for EdgePoint: a company engaged in the acquisition and operation of mobile
        telecommunications towers in Indonesia and Malaysia, and the broader South
        East Asia region.
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) 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.
                                               2