CELEX: 32015M7582
Language: en
Date: 2015-04-17 00:00:00
Title: Commission Decision of 17/04/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7582 - GOLDMAN SACHS GROUP / ALTAREA / PASCAL DÉFENSE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

Brussels, 17.4.2015
C(2015) 2663 final

[pic]

|                                                                       |To the notifying parties:                                              |

Dear Sirs,

Subject:    Case M.7582 - GOLDMAN SACHS GROUP / ALTAREA / PASCAL DÉFENSE
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 18 March 2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation
    by which the undertakings Goldman Sachs Group, Inc. (Goldman Sachs, USA) and Altarea SCA (Altarea, France)  indirectly  acquire  within  the
    meaning of Article 3(1)(b) of the Merger Regulation joint control of Pascal Défense SARL (Pascal Défense, France)  by  way  of  purchase  of
    shares.[3]

 2. The business activities of the undertakings concerned are:

    —   Goldman Sachs: global investment banking, securities and investment management firm,
    —   Altarea: real estate investment trust and real estate development company, active mainly in retail, residential and office properties,
    —   Pascal Défense: holding company and owner of Tours Pascal, an office building located in La Défense, France.

 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)
Alexander ITALIANER
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 099, 26.03.2015, p. 11.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE