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Valentina R., lawyer
Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
(1) On 30 October 2015, the European Commission received notification of a proposed
concentration pursuant to Article 4 of Regulation No. 139/2004, by which GT Netherlands IV
B.V. (“Griffin”), a member of a capital group ultimately controlled by Oaktree Capital Group
LLC (“Oaktree Group”), Skanska Central Europe Holding B.V. (“Skanska”), a member of a
capital group ultimately controlled by Skanska AB (“Skanska Group”) and Starwood EAME
License and Services Company BVBA (“Starwood”) belonging to a capital group ultimately
controlled by Starwood Hotels & Resorts Worldwide, Inc. (“Starwood Group”) acquire joint
control over Hotel Atrium sp. z o.o. (“Hotel Atrium”) within the meaning of Article 3(1)(b) of the
EC Merger Regulation.
(2) The Oaktree Group specialises in less efficient markets and alternative investments such as
corporate and distressed debt or convertible securities.
(3) The Skanska Group’s principal activities are project development, construction services and
other services related to real estate. Skanska is a holding company whose affiliates offer real
estate development services.
(4) The Starwood Group is a worldwide hotel and leisure operator. Its brands include Sheraton,
Westin, W, Four Points by Sheraton, St. Regis and the Luxury Collection. Starwood is an
operator of, among others, the Westin hotel in Warsaw.
(5) Hotel Atrium is the owner of the property located in Warsaw, currently developed with a hotel
operating under the brand name Westin.