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5.4.2023 |
EN |
Official Journal of the European Union |
C 123/15 |
Prior notification of a concentration
(Case M.11027 – HSBC / AXA / INTU MILTON KEYNES)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 123/13)
1.
On 28 March 2023, 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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HSBC Bank plc (‘HSBC’, United Kingdom), |
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AXA S.A. (‘AXA’, France), |
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intu Milton Keynes Limited (‘intu MK’, United Kingdom), controlled by intu Shopping Centres plc (in administration, ‘ISC’). |
AXA and HSBC will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of intu MK.
The concentration is accomplished by way of purchase of shares.
2.
The business activities of the undertakings concerned are the following:|
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HSBC, part of the globally active HSBC group, is a banking and financial services company, |
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AXA is a global insurance group, active in life, health and other forms of insurances, as well as in investment management, |
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intu MK owns and manages Midsummer Place shopping centre in Milton Keynes, United Kingdom. Intu MK will only be active in the United Kingdom and will have no activities in the EEA. |
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 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.11027 – HSBC / AXA / INTU MILTON KEYNES
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
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’).