CELEX: 32019M9286
Language: en
Date: 2019-03-20 00:00:00
Title: Commission Decision of 20/03/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9286 - SEGRO plc / Public Sector Pension Investment Board) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 20.3.2019
                                                                C(2019) 2289 final
                                                                     PUBLIC VERSION
                                                                To the notifying parties :
Subject:        Case M.9286 – SEGRO/PSPIB/Wroclaw Site
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 25 February 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which SEGRO plc
        (‘SEGRO’, United Kingdom) and Public Sector Pension Investment Board (‘PSPIB’,
        Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint
        control of the whole of the Wroclaw Site (Poland). The concentration is accomplished by
        way of purchase of assets.3
2.      The business activities of the undertakings concerned are:
        - for SEGRO: ownership, asset management and development of modern warehousing
             and light industrial properties located around major conurbations and at key
             transportation hubs across a number of EU countries,
        - for PSPIB: investment of net contributions to the pension funds of the federal Public
             Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve
             Force. It manages a diversified global portfolio including stocks, bonds and other
             fixed-income securities, and investments in private equity, real estate, infrastructure,
             natural resources and private debt,
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 79, 4.3.2019, p. 10.
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---    - for the Wroclaw Site: a partly pre-let warehouse located in Wroclaw, Poland, which is
       currently under development.
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)
   and 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)
                                                   Johannes LAITENBERGER
                                                   Director-General
4  OJ C 366, 14.12.2013, p. 5.
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