CELEX: 32014M7050
Language: en
Date: 2014-01-21 00:00:00
Title: Commission Decision of 21/01/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7050 - ALLIANZ SE / NRF / KAMPPI SHOPPING CENTER) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
|                                  |                                                                                                         |
|                                  |                                                                                                         |
|                                  |                                                                                                         |
|                                  |                                                                                                         |

                                        Brussels, 21/01/2014
                                        C(2014) 368 final

|                                                                   |                                                                                   |
|To the notifying parties:                                          |                                                                                   |
|                                                                   |                                                                                   |
|                                                                   |                                                                                   |

Dear Madam(s) and/or Sir(s),

Subject:    Case No COMP/M.7050 - ALLIANZ SE/ NRF/ KAMPPI SHOPPING CENTER
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

1.    On 11 December 2013, the European Commission received notification of a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
      Regulation by which Allianz SE (Germany) and Nordic Retail Fund FCP – FIS (“NRF”, Luxemburg) acquire, within the meaning  of  Article  3(1)
      (b) of the Merger Regulation, joint control of NRF (Finland) AB (“the Company”, Sweden) by way of purchase of shares.

2.    The business activities of the undertakings concerned are:

      -     Allianz SE: the ultimate holding company of Allianz Group and a multinational financial services provider  active  worldwide  in  the
           insurance and asset management business;

      -     NRF: a real estate fund established in Luxembourg with a focus on investing in shopping centres in Finland and Sweden;

      -     for the Company: a shareholder of various Finnish companies which are owners of or holders of hereditary building  rights  to  Kamppi
           Shopping Centre in Helsinki, Finland[2].

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[3].

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.

                                        For the Commission
                                        (Signed)
                                        Alexander ITALIANER
                                        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]   Publication in the Official Journal of the European Union No C 345, 26/11/2013,  p. 22.

[3]   OJ C 56, 5.3.2005,  p. 32.

-----------------------
                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE