Commission Decision of 20/02/2004 declaring a concentration to be compatible with the common market (Case No IV/M.3325 - MORGAN STANLEY / GLICK / CANARY WHARF) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 052 , 27/02/2004 P. 0020 - 0020 Commission Decision of 20/02/2004 declaring a concentration to be compatible with the common market (Case No IV/M.3325 - MORGAN STANLEY / GLICK / CANARY WHARF) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) To the notifying party Dear Sir/Madam, Subject: Case No. COMP/M.3325 - Morgan Stanley/ Glick/ Canary Wharf Notification of 23.01.2004 pursuant to Article 4 of Council Regulation (EEC) No.
4064/89 [1] [1] OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17. Publication in the Official Journal of the European Communities No. C 28, 31.01.2004, page 11. 1. On 23.01.2004, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the undertakings Morgan Stanley Real Estate Funds IV, Morgan Stanley Real Estate Special Situations Fund II and Princes Gate Investors, all belonging to the Morgan Stanley Group, United States ("Morgan Stanley"), and certain Glick family trusts, United States ("Glick Entities"), acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Canary Wharf Group plc, United Kingdom ("Canary Wharf"), by way of purchase of shares.
2. The business activities of the undertakings concerned are: for Morgan Stanley: global financial services firm active in investment banking, sales, trading, financing and private equity; for the Glick Entities: investment in private equity and real estate; for Canary Wharf: property development and investment mainly in the London area. 3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, subparagraph c of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2]. [2] OJ C 217, 29.07.2000, p.
32. 4. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EEC) No. 4064/89. For the Commission, (signed) Mario MONTI Member of the Commission