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Document C2015/128/07

    Prior notification of a concentration (Case M.7588 — Griffin/LVS II Lux XX/Echo) — Candidate case for simplified procedure (Text with EEA relevance)

    OJ C 128, 21.4.2015, p. 9–9 (BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

    21.4.2015   

    EN

    Official Journal of the European Union

    C 128/9


    Prior notification of a concentration

    (Case M.7588 — Griffin/LVS II Lux XX/Echo)

    Candidate case for simplified procedure

    (Text with EEA relevance)

    (2015/C 128/07)

    1.

    On 14 April 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Griffin Topco III SARL (‘Griffin’, Luxembourg), ultimately controlled by Oaktree Capital Group LLC (‘Oaktree’, United States of America), and LVS II Lux XX SARL (‘LVS II Lux’, Luxembourg), a wholly-owned subsidiary of an investment fund managed by Pacific Investment Management Company LLC (‘PIMCO’, United States of America) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Echo Investment SA (‘Echo’, Poland), by way of purchase of shares.

    2.

    The business activities of the undertakings concerned are:

    —   for Griffin: investment in real estate assets and services. Griffin belongs to Oaktree, an investment company;

    —   for LVS II Lux: investment in real estate assets and services. LVS II Lux is fully owned by PIMCO, an investment company;

    —   for Echo: real estate assets and services.

    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 this 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. Observations can be sent to the Commission by fax (+32 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7588 — Griffin/LVS II Lux XX/Echo, to the following address:

    European Commission

    Directorate-General for Competition

    Merger Registry

    1049 Bruxelles/Brussel

    BELGIQUE/BELGIË


    (1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

    (2)  OJ C 366, 14.12.2013, p. 5.


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