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Document 52021M10424

Prior notification of a concentration (Case M.10424 — Forestal Arauco/OTPPB/Agricola Neufun JV) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 372/10


OJ C 372, 16.9.2021, p. 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)



Official Journal of the European Union

C 372/11

Prior notification of a concentration

(Case M.10424 — Forestal Arauco/OTPPB/Agricola Neufun JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2021/C 372/10)


On 8 September 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:

Forestal Arauco S.A. (Chile), ultimately controlled by Inversiones Angelini y Compañía Limitada (the Angelini Group)

Ontario Teachers’ Pension Plan Board, (Canada)

Agricola Neufun Spa (Chile)

Forestal Arauco S.A. and Ontario Teachers’ Pension Plan Board (OTPPB) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Agricola Neufun SpA.

The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.


The business activities of the undertakings concerned are:

for Forestal Arauco: forestry (forestation, reforestation, thinning, care, management, exploitation and industrialization of artificial and native forests), agricultural and livestock activities, sale and export of products and by-products of forestry, industrial, agricultural and livestock activities;

for OTPPB: administration of pension benefits and investment of pension plan assets on behalf of active and retired teachers in the province of Ontario, Canada.

for Agricola Neufun Spa: the joint venture company (JV Company) to be established will develop horticulture activities, including the developing, planting, caring, harvesting, operating, and maintaining of crops of hazelnut trees, and / or other arboreal species, like walnut trees in Chile. The JV Company will subsequently commercialize the fruits of these hazelnut and walnut trees.


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.


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.10424 — Forestal Arauco/OTPPB/Agricola Neufun JV

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:


Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel


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

(2)  OJ C 366, 14.12.2013, p. 5.