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Document 52019M9631

Prior notification of a concentration (Case M.9631 — Kennedy-Wilson Holdings/AXA Group/JV) Candidate case for simplified procedure (Text with EEA relevance)2019/C 403/04

PUB/2019/148

OJ C 403, 29.11.2019, p. 67–68 (BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

29.11.2019   

EN

Official Journal of the European Union

C 403/67


Prior notification of a concentration

(Case M.9631 — Kennedy-Wilson Holdings/AXA Group/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2019/C 403/04)

1.   

On 21 November 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:

Kennedy-Wilson Holdings, Inc. (‘Kennedy-Wilson’, United States of America),

AXA S.A. (‘AXA’, France),

The JV (Ireland).

Kennedy-Wilson and AXA acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of three newly created companies (together, ‘the JV’).

The concentration is accomplished by way of purchase of shares in the JV.

2.   

The business activities of the undertakings concerned are:

for Kennedy Wilson: real estate investment, development and management,

for AXA: life, health and other forms of insurance, as well as investment management,

for the JV: will acquire, hold and manage private rented accommodation, retail and office space in County Dublin, Ireland.

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.9631 — Kennedy-Wilson Holdings/AXA Group/JV

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:

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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