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Document 52020M9813
Prior notification of a concentration (Case M.9813 – Blackstone/IQSA Holdings) Candidate case for simplified procedure (Text with EEA relevance) 2020/C 119/04
Prior notification of a concentration (Case M.9813 – Blackstone/IQSA Holdings) Candidate case for simplified procedure (Text with EEA relevance) 2020/C 119/04
Prior notification of a concentration (Case M.9813 – Blackstone/IQSA Holdings) Candidate case for simplified procedure (Text with EEA relevance) 2020/C 119/04
PUB/2020/272
OJ C 119, 14.4.2020, pp. 11–12
(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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14.4.2020 |
EN |
Official Journal of the European Union |
C 119/11 |
Prior notification of a concentration
(Case M.9813 – Blackstone/IQSA Holdings)
Candidate case for simplified procedure
(Text with EEA relevance)
(2020/C 119/04)
1.
On 1 April 2020, 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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The Blackstone Group Inc. (‘Blackstone’, USA), |
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IQSA Holdings S.à r.l. (‘IQSA Holdings’, United Kingdom). |
Blackstone acquires within the meaning of Article 3(1)(b) of the Merger Regulation indirect sole control of the whole of IQSA Holdings.
The concentration is accomplished by way of purchase of shares.
2.
The business activities of the undertakings concerned are:|
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for Blackstone: global asset manager with a portfolio of assets including real estate assets located across the United States, Asia, South America and Europe, including the United Kingdom, |
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for IQSA Holdings: owns a portfolio of corporate purpose-built student accommodation (‘Corporate PBSA’) throughout the United Kingdom, which it operates as iQ Student Accommodation. It also owns a private residential development in Sheffield, the Pendulum Hotel located in Manchester and ten development sites it intends to operate as Corporate PBSA schemes. |
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.9813—Blackstone/IQSA Holdings
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’).