This document is an excerpt from the EUR-Lex website
Document 52018M9050
Prior notification of a concentration (Case M.9050 — Hammerson/M&G/Highcross) — Candidate case for simplified procedure (Text with EEA relevance.)
Prior notification of a concentration (Case M.9050 — Hammerson/M&G/Highcross) — Candidate case for simplified procedure (Text with EEA relevance.)
Prior notification of a concentration (Case M.9050 — Hammerson/M&G/Highcross) — Candidate case for simplified procedure (Text with EEA relevance.)
OJ C 376, 18.10.2018, pp. 31–32
(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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18.10.2018 |
EN |
Official Journal of the European Union |
C 376/31 |
Prior notification of a concentration
(Case M.9050 — Hammerson/M&G/Highcross)
Candidate case for simplified procedure
(Text with EEA relevance)
(2018/C 376/07)
1.
On 11 October 2018, 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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Hammerson plc (‘Hammerson’, United Kingdom), |
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M&G Limited (‘M&G’, United Kingdom), belonging to Prudential plc (‘Prudential’, United Kingdom). |
Hammerson and M&G acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control of the whole of Highcross shopping centre in Leicester (United Kingdom), which is currently solely controlled by Hammerson.
The concentration is accomplished by way of purchase of shares.
2.
The business activities of the undertakings concerned are:— for Hammerson: commercial real estate development and ownership-management of retail property in Europe. Its portfolio includes investments in prime shopping centres in the United Kingdom, Ireland and France, retail parks in the United Kingdom and premium retail outlets across Europe,
— for M&G: wholly-owned indirect subsidiary of Prudential, an international financial services group. Amongst other investments, Prudential invests on behalf of its clients in property, primarily through the M&G Real Estate brand.
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.9050 — Hammerson/M&G/Highcross
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’).