CELEX: 32014M7327
Language: en
Date: 2014-09-08 00:00:00
Title: Commission Decision of 08/09/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7327 - ADP/ BBI / IFC / MARGUERITE / TAV / ZAIC) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 08.09.2014
                                        C(2014) 6455 final

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|To the notifying parties:                                                    |                                                                       |
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Dear Madam(s) and/or Sir(s),

Subject:    Case M.7327 - ADP/ BBI / IFC / MARGUERITE / TAV / ZAIC
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 12/08/2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation  by
    which  the undertakings Aéroports de  Paris  Management  (AdP,  France)  belonging  to  the  Aéroports  de  Paris  group,  Bouygues  Bâtiment
    International (BBI, France) belonging to the Bouygues Group, International Finance Corporation (IFC, United States  of  America),  Marguerite
    Airport Croatia (Marguerite, France) belonging to the Marguerite  Fund,  and  Aviator  Netherlands  (Aviator  Netherlands,  the  Netherlands)
    belonging to the TAV Airports Holding group, acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control  of  Zagreb
    Airport International Corporation (ZAIC, the United Kingdom) by way of purchase of shares.

 2. The business activities of the undertakings concerned are:

      -     AdP is responsible for investing in airport companies and managing airport operations outside the Paris region.

      -     BBI manages the design and construction of complex building projects at an international level.

      -     IFC is an international organization, member of the World Bank Group,  established  in  1956,  to  further  economic  growth  in  its
           developing member countries by promoting private sector development.

      -     Marguerite Airport Croatia is a subsidiary  of  the  Marguerite  Fund,  a  pan-European  equity  fund  which  focuses  on  greenfield
           infrastructure and acts as a catalyst for key infrastructure investments in renewables, energy, and transport.

      -     Aviator Netherlands is part of the TAV Airports Holding  group,  whose  activity  is  to  operate  airports  and  to  manage  airport
           operations, mainly outside Europe.

      -     ZAIC, through its wholly owned subsidiary MZLZ, operates and manages the Zagreb Airport and will finance, design, build, operate  and
           manage a new airport terminal at the Zagreb Airport.[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
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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]   Publication in the Official Journal of the European Union No C 277, 22.08.2014, p. 3.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE