SIRIUS / Brookfield / Paradise JV Merger — Phase 1 Clearance
Summary
The European Commission unconditionally cleared the proposed joint venture between SIRIUS, BROOKFIELD, and PARADISE JV under Article 6(1)(b) of Council Regulation 139/2004. The decision was adopted on 20 April 2026 following a Phase 1 review under the super-simplified procedure, finding that the concentration does not raise doubts as to its compatibility with the common market. The parties operate in hotels and similar accommodation and rental of own or leased real estate.
What changed
The European Commission reviewed and unconditionally cleared the SIRIUS/Brookfield/Paradise JV concentration under the EU Merger Regulation. The super-simplified procedure (Phase 1) decision under Article 6(1)(b) confirms no competition concerns arise from the transaction. No remedies, conditions, or obligations were imposed.
For the parties and their advisers, the unconditional clearance means the transaction may proceed without further regulatory intervention in the EU. The provisional deadline of 30 April 2026 for the super-simplified procedure has been met by the 20 April 2026 decision date.
Archived snapshot
Apr 21, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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SIRIUS / BROOKFIELD / PARADISE JV
Companies: SIRIUS | BROOKFIELD | PARADISE JV Last decision date: 20.04.2026 Case type: Merger Investigation phase: 1 Regulation: Council Regulation 139/2004 Notification date: 23.03.2026 Provisional deadline: 30.04.2026 Economic activities: I.55.10 - Hotels and similar accommodation (NACE Rev. 2.1) M.68.20 - Rental and operating of own or leased real estate (NACE Rev. 2.1) Decisions Art. 6(1)(b) of 20.04.2026 Other case related information Prior publication in the OJ: OJEU C/2026/1986 of 01.04.2026 Description of the concentration of 24.03.2026: EN published on 25.03.2026
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