Brussels, 20 February 2025
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over six logistic warehouse assets located in Germany and in the Netherlands by SEGRO plc of the UK and Public Sector Pension Investments Board (‘PSIB’) of Canada.
The transaction relates primarily to the real estate sector.
The Commission concluded that the notified transaction would not raise competition concerns, given that the joint venture has negligeable activities in the European Economic Area and given the companies’ limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11821.