The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Deutsche EuroShop AG by KG CURA Vermögensverwaltung GmbH & Co (‘CURA’), both of Germany, and Oaktree Capital Group, LLC (‘OCG’) of the US. Deutsche EuroShop is active in investments and the management of investments in shopping centres in Europe.
CURA is active in real estate in the retail, office, hotel, residential and industrial sectors, mainly in Europe.
OCG is active in alternative and non-traditional investment funds worldwide. The Commission concluded that the proposed acquisition would raise no competition concerns, given the companies’ moderate combined market positions resulting from the proposed transaction. 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.10708.