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Document 52019M9400
Prior notification of a concentration (Case M.9400 — Apollo Management/Ares/JV) — Candidate case for simplified procedure (Text with EEA relevance.)
Prior notification of a concentration (Case M.9400 — Apollo Management/Ares/JV) — Candidate case for simplified procedure (Text with EEA relevance.)
Prior notification of a concentration (Case M.9400 — Apollo Management/Ares/JV) — Candidate case for simplified procedure (Text with EEA relevance.)
OJ C 217, 28.6.2019, p. 21–21
(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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28.6.2019 |
EN |
Official Journal of the European Union |
C 217/21 |
Prior notification of a concentration
(Case M.9400 — Apollo Management/Ares/JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 217/10)
1.
On 20 June 2019, 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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Apollo Management, L.P. (‘Apollo’, USA), |
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Ares Management Corporation (‘Ares’, USA). |
Apollo and Ares acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created full-function joint venture (‘JV’).
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.
2.
The business activities of the undertakings concerned are:— for Apollo: investment in companies and debt issued by companies involved in various businesses throughout the world,
— for Ares: investment in real estate and in companies and debt issued by companies involved in various businesses.
The JV will be active in the identification, acquisition and development of oil and natural gas properties in the United States of America.
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.9400 — Apollo Management/Ares/JV
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
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Email: COMP-MERGER-REGISTRY@ec.europa.eu |
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Fax +32 22964301 |
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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’).