Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short 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.

SECTION 4

Description of the concentration

The European Commission has received the notification, pursuant to Article 4(1) of the EU Merger Regulation, of a proposed concentration regarding the indirect acquisition by Swiss Life Holding AG (“Swiss Life”) and NBRE Germany AS , of 100% of the shares in, and joint control over, SCI Gaité Bureaux (“Gaité”), through their jointly controlled alternative investment fund (“AIF”) Rodolphe GmbH & Co. Geschlossene Investmentkommanditgesellschaft (“Rodolphe”). By virtue of this purchase of shares, Swiss Life and NBRE Germany AS will acquire indirect joint control over Gaité in France, within the meaning of Article 3(1)(b) of the Merger Regulation.

-− NBRE Germany AS (Norway) is a fully owned subsidiary of Norges Bank (registered in Norway). NBRE Germany AS’s purpose is investment in and ownership of companies/holding structures established or acquired in Norway or in Germany in connection with the private real estate investments of the Government Pension Fund Global that are managed by Norges Bank’s investment management division NBIM.

-− Swiss Life (Switzerland) is a provider of comprehensive life, pensions and financial solutions. The Swiss Life Group is active in the life insurance and the investment and asset management sectors; it also provides multinational corporations with employee benefit solutions in Europe and Asia.

-− Rodolphe (Germany) is an AIF jointly controlled by Swiss Life and NBRE Germany AS through which they carry an activity of investment and management of real estate assets focused on France and Germany.

-− Gaité (France) is a société civile immobilière (non-trading real estate company) owning an office building in Paris.

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