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.

SECTION 1.2

Description of the concentration

On 16 August 2017, the Commission received a notification of a proposed

concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004, by

which Chengdong Investment Corporation (a wholly owned subsidiary of CIC

International Co., Ltd. which in turn is a wholly owned subsidiary of China

Investment Corporation ("CIC") will indirectly acquire the companies and assets

comprising the Logicor business ("Target") which is currently indirectly owned by,

and under the sole control of, funds ultimately controlled or advised by affiliates of

The Blackstone Group L.P.

The business activities of the undertakings concerned are as follows:

(i) Chengdong Investment Corporation is a wholly owned subsidiary of CIC

International Co., Ltd., which in turn is wholly owned by CIC. CIC

International Co., Ltd. invests in and manages overseas assets including public

market equity and bond investments, hedge funds and real estate investments,

private equity fund investments, co-investments and minority investments as a

financial investor. As China's sovereign wealth fund, CIC was established as a

vehicle to diversify China's foreign exchange holdings and seek maximum

returns for its shareholder within acceptable risk tolerance.

(ii) The Target owns and operates logistics warehouse assets across the EU.