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

This notification concerns the following undertakings:

• OMERS Infrastructure European Holdings B.V. (OMERS Infrastructure), incorporated in the Netherlands and ultimately controlled by OMERS Administration Corporation (Canada) (OMERS);

• Pan-European Infrastructure Fund IV, SCSp (PEIF IV), incorporated in Luxembourg, managed by subsidiaries of DWS Group GmbH & Co KGaA (Germany) (DWS), which is majority owned and ultimately controlled by Deutsche Bank AG (Germany) (DB); and

• Grandi Stazioni Retail S.p.A. (GSR), incorporated in Italy and majority owned and controlled by Antin Infrastructure Partners Luxembourg X S.à.r.l., which is owned by funds managed by Antin Infrastructure Partners SAS (France) and Antin Infrastructure Partners UK Ltd (United Kingdom).

OMERS Infrastructure and DWS will acquire, within the meaning of Article 3(1), point (b) of the Merger Regulation, joint control of GSR. The concentration is accomplished by way of purchase of shares.

The business activities of the undertakings concerned are:

a. for OMERS Infrastructure: OMERS Infrastructure manages the European infrastructure investment platform for OMERS and makes investments into European infrastructure assets. OMERS is the administrator of the Ontario Municipal Employees Retirement System Primary Pension Plan, a Canadian pension fund;

b. for DWS: DWS is an institutional asset management company which offers active, passive, and alternative investments in a wide range of asset classes (and acting, for these purposes, in its capacity as investment manager of PEIF IV, being the investing fund for the purposes of the notified transaction). DWS is majority owned and ultimately controlled by DB, which is a global investment bank and financial services company headquartered in Frankfurt, Germany and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange; and

c. for GSR: The GSR group leases out retail spaces and manages advertising at 14 railway stations in Italy, and holds a leasehold agreement for the management of a railway station in the Czech Republic.

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