CELEX: 32011M6257
Language: en
Date: 2011-07-29 00:00:00
Title: Commission Decision of 29/07/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6257 - BLACKSTONE / VALAD PROPERTY) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32011M6257

Commission Decision of 29/07/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6257 - BLACKSTONE / VALAD PROPERTY) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION     |
            Brussels , 29.07.2011
             C(2011) 5643
             PUBLIC VERSION
             SIMPLIFIED MERGER PROCEDURE
            To the notifying party: |
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/ M.6257 - BLACKSTONE / VALAD PROPERTY  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004  [1] 
            1.  On 30 June 2011, the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking The Blackstone Group L.P. (‘Blackstone’, USA) acquires within the meaning of Article 3(1)(b) of the  Merger Regulation control of the whole of Valad Funds Management Limited and Valad Property Trust (together ‘Valad Property’, Australia) by way of purchase of securities [2]  .
            2.  The business activities of the undertakings concerned are:
              - for Blackstone: alternative asset management, financial advisory services,
              - for Valad Property: real estate services. 
            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)i and 5(c)ii 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
            [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 199, 07.07.2011, p. 10.
            [3]  OJ C 56, 5.3.2005, p. 32.