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Document 52021M10410
Prior notification of a concentration (Case M.10410 — SEGRO/PSPIB/Target Asset in Hamburg) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 330/04
Prior notification of a concentration (Case M.10410 — SEGRO/PSPIB/Target Asset in Hamburg) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 330/04
Prior notification of a concentration (Case M.10410 — SEGRO/PSPIB/Target Asset in Hamburg) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 330/04
PUB/2021/655
OJ C 330, 17.8.2021, p. 4–5
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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17.8.2021 |
EN |
Official Journal of the European Union |
C 330/4 |
Prior notification of a concentration
(Case M.10410 — SEGRO/PSPIB/Target Asset in Hamburg)
Candidate case for simplified procedure
(Text with EEA relevance)
(2021/C 330/04)
1.
On 9 August 2021, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).This notification concerns the following undertakings:
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SEGRO plc (‘SEGRO’, United Kingdom), |
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Public Sector Pension Investment Board (‘PSPIB’, Canada), |
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Target Asset (Germany). |
SEGRO and PSPIB acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of the Target Asset.
The concentration is accomplished by way of purchase of assets.
2.
The business activities of the undertakings concerned are:|
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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. |
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For PSPIB: management of a diversified global investment portfolio including stocks, bonds and other fixed-income securities, and investments in private equity, real estate, infrastructure, natural resources and private debt. |
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For the Target Asset: a logistics building with a rental area of 26 408 sq. metres in Hamburg, Germany. |
3.
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.
4.
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.10410 — SEGRO/PSPIB/Target Asset in Hamburg
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Fax +32 22964301
Postal address:
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European Commission |
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Directorate-General for Competition |
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Merger Registry |
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1049 Bruxelles/Brussel |
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BELGIQUE/BELGIË |
(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).