Brussels, 9 August 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of a logistic facility by Prologis, L.P. (‘PLD’) of the US and Norges Bank Investment Management (‘NBIM’) of Norway.
The logistic facility is located in Veghel, the Netherlands. PLD owns, operates and develops real estate properties, mainly for industrial purposes, in Asia, Europe and North and South America. NBIM manages Norway’s Government Pension Fund Global on behalf of the Norwegian Ministry of Finance, focusing on worldwide investments including real estate investments in Europe, Japan and North America.
The Commission concluded that the proposed acquisition would raise no competition concerns, given its limited impact on the market. The 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.11172.
Source – EU Commission