CELEX: 32016M8116
Language: en
Date: 2016-07-26 00:00:00
Title: Commission Decision of 26/07/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.8116 - MACQUARIE / SLFL GIO II / SGI ITALIA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 26.07.2016
                                        C(2016) 4981 final

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                                        To the notifying parties

Dear Sirs,

Subject:    Case M.8116 - MACQUARIE / SLFL GIO II / SGI ITALIA
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 29 June 2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by
    which MEIF 4 Luxembourg C. Holdings SARL, ultimately owned by Macquarie Group Limited (‘Macquarie’, Australia) and Swiss  Life  GIO  II  Eur
    Holding SARL, ultimately owned by Swiss Life Holding AG (‘Swiss Life’, Switzerland), acquire within the meaning of Article  3(1)(b)  of  the
    Merger Regulation joint control of Società Gasdotti Italia Holding SpA (‘SGI Italia’, Italy) by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

        – Macquarie is a global provider of banking, financial, advisory, investment and funds and management services;

  – Swiss Life is active in life insurance, risk, pensions, health insurance and asset management;

  – SGI Italia is an independent transport system operator (TSO) which owns a limited part of the Italian high pressure gas network.

 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)
                                        Johannes LAITENBERGER
                                        Director-General

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[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 246, 07.07.2016, p.17.
[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE