CELEX: 32021M10316
Language: en
Date: 2021-06-30 00:00:00
Title: Commission Decision of 30/06/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10316 - MACQUARIE / WARRINGTON / BINGO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                              Brussels, 30.6.2021
                                                              C(2021) 4985 final
                                                                                PUBLIC VERSION
                                                              Macquarie Asia-Pacific Infrastructure
                                                              Investments 3 Pte Ltd
                                                              10 Marina Boulevard, 17-01 Tower 2
                                                              Marina Bay Financial Centre,
                                                              018983
                                                              Singapore
                                                              Warrington Investment Private Limited
                                                              (Warrington)
                                                              168 Robinson Road
                                                              37-01 Capital Tower
                                                              068912
                                                              Singapore
Subject:        Case M.10316  Macquarie/Warrington/Bingo
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 08 June 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Macquarie Asia-Pacific Infrastructure Investments 3 Pte Ltd. (“MAIF3
        Fund”, Singapore), an investment fund managed and controlled by Macquarie
        Infrastructure and Real Assets division (“MIRA”, Australia), of the asset management
        arm of Macquarie Group Limited (“Macquarie”, Australia) and Warrington
        Investment Pte. Ltd. ("Warrington", Singapore), an investment vehicle managed by
        GIC Special Investments Pte. Ltd. ("GICSI", Singapore), a subsidiary of GIC Private
        Limited ("GIC" and together with all of GIC's group companies, the "GIC Group",
        Singapore), acquire within the meaning of Article 3(1)(b) of the Merger Regulation
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’).
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---    joint control over the whole of the undertaking Bingo Industries Ltd. (“Bingo”,
   Australia) by way of purchase of shares.3
2. The business activities of the undertakings concerned are:
        for Macquarie: the global provision of banking, financial, advisory, investment
            and funds management services,
        for GIC: managing a diversified global portfolio of investments in private
            equity, venture capital and infrastructure funds, as well as direct investments in
            private companies,
        for Bingo: operating a recycling and waste management company that
            provides solutions in resource management including collection, processing
            and recovery, disposal, production of recycled construction products and waste
            equipment manufacturing (i.e., bins) in the states of New South Wales and
            Victoria within Australia.
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)
                                                           Olivier GUERSENT
                                                           Director-General
3  Publication in the Official Journal of the European Union No C 231, 16.06.2021, p. 7.
4  OJ C 366, 14.12.2013, p. 5.
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