CELEX: 32019M9346
Language: en
Date: 2019-04-26 00:00:00
Title: Commission Decision of 26/04/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9346 - Investcorp Investment Holdings Limited / Aberdeen Asset Management plc) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 26.4.2019
                                                                C(2019) 3309 final
                                                                                      PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9346 – INVESTCORP / ABERDEEN / JV
                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 1 April 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Investcorp
        Investment Holdings Limited (“Investcorp”, Cayman Islands), ultimately controlled by
        SIPCO Holdings Limited (Cayman Islands) and Aberdeen Asset Management plc
        (“Aberdeen”, United Kingdom), controlled by Standard Life Aberdeen plc (United
        Kingdom) acquire, within the meaning of Article 3(1)(b) and 3(4) of the Merger
        Regulation, joint control over Concession Infrastructure Investments Manager Limited, a
        newly created entity, by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             Investcorp is an international financial institution acting as a principal and as an
              intermediary in international investment transactions,
             Aberdeen is a global investment company,
             Concession Infrastructure Investments Manager Limited will provide investment
              advisory services to investment funds with respect to social and economic
              infrastructure projects in the Gulf Cooperation Council countries, Middle East and
              North Africa region and Turkey.
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 130, 08.04.2019, p. 53.
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--- 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
4  OJ C 366, 14.12.2013, p. 5.
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