Key Takeaways
- • The European Commission cleared under the EU Merger Regulation the acquisition of joint control of a real estate asset in Neustadt an der Donau, Germany, by Prologis L.P. of the United States and NBIM Nerva S.à.r.l. of Luxembourg.
- • The transaction relates primarily to the operation and development of real estate in Germany.
- • The Commission found no competition concerns given the companies' limited combined market position, and examined the deal under the simplified merger review procedure.
- • The case is recorded in the Commission's public case register under number M.12640.
Summary
The transaction relates primarily to the operation and development of real estate in Germany. The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market position resulting from the proposed transaction. The deal was examined under the simplified merger review procedure, which is typically applied to transactions with limited overlap between the parties.
The filing is catalogued in the Commission's public case register under case number M.12640, where further details are available on the Commission's competition website. The announcement did not disclose the transaction value or the specific asset size.
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