CELEX: 32021M10395
Language: en
Date: 2021-10-13 00:00:00
Title: Commission Decision of 13/10/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10395 - BNP PARIBAS / CDC / IMMOBILIÈRE DE LA LAINE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 13.10.2021
                                                                 C(2021) 7491 final
                                                                                 PUBLIC VERSION
                                                                 BNP Paribas SA
                                                                 16 Boulevard des Italiens
                                                                 75009 – Paris
                                                                 France
                                                                 Caisse des dépôts et consignations
                                                                 51, Rue de Lille
                                                                 75356 – Paris 07 SP
                                                                 France
Subject:        Case M.10395 – BNP PARIBAS / CDC / IMMOBILIÈRE DE LA LAINE
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 16 September 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which BNP Paribas
        S.A. (“BNP Paribas”, France) and Caisse des Dépôts et Consignations (“CDC”,
        France) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint
        control of the whole of the Immobilière de la Laine SA (“Target”, Belgium) by way of
        purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for BNP Paribas: global banking group active in retail banking, asset management
              and services, as well as corporate and investment banking;
             for CDC: French special status establishment serving the general interest and
              supporting economic development in France. CDC has two main areas of
              activities: (i) public service / general interest activities, and (ii) open-market
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 390, 27.9.2021, p. 13-14.
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---         business activities. Its main open-market business activities are: (i) environment
        and energy, (ii) real estate, (iii) capital investment and (iv) services. CDC’s
        essential activities are concentrated in France, with minor real estate activities in
        Belgium;
       for the Target: company owning a single office building in Belgium, located at 70
        rue aux Laines, 1000 Brussels, already largely leased to third parties.
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)
                                                    Olivier GUERSENT
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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