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Non-Opposition to JLL/PIF/FMTECH Concentration, Case M.12358

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Summary

The European Commission issued a non-opposition decision clearing the proposed concentration involving JLL, PIF, and FMTECH (Case M.12358). The transaction was notified under the EU Merger Regulation and the Commission determined that the proposed merger does not raise competition concerns. The decision allows the parties to proceed with the transaction without conditions.

What changed

The European Commission has cleared the proposed concentration between JLL, PIF, and FMTECH without conditions. The Commission determined that the notified concentration does not raise competition concerns under EU merger rules and accordingly issued a non-opposition decision.

The parties to the transaction are now cleared to proceed with closing the merger. No remedies, conditions, or ongoing obligations have been imposed. This represents a straightforward clearance at Phase I of the EU merger review process.

What to do next

  1. Monitor for any subsequent EC requests or Phase II investigation initiation
  2. Review transaction closing conditions and implement as necessary

Archived snapshot

Apr 16, 2026

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​ Non-opposition to a notified concentration (Case M.12358 – JLL / PIF / FMTECH)

Non-opposition to a notified concentration (Case M.12358 – JLL / PIF / FMTECH)

Non-opposition to a notified concentration (Case M.12358 – JLL / PIF / FMTECH)

C/2026/2256

OJ C, C/2026/2296, 16.4.2026, ELI: http://data.europa.eu/eli/C/2026/2296/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

ELI: http://data.europa.eu/eli/C/2026/2296/oj

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Last updated

Classification

Agency
EC
Published
April 16th, 2026
Instrument
Rule
Legal weight
Binding
Stage
Final
Change scope
Minor
Document ID
Case M.12358 – JLL/PIF/FMTECH, C/2026/2296
Docket
M.12358

Who this affects

Applies to
Investors Financial advisers Companies
Industry sector
5311 Real Estate 5239 Asset Management 5112 Software & Technology
Activity scope
Merger control Concentration notification Cross-border investment
Geographic scope
European Union EU

Taxonomy

Primary area
Antitrust & Competition
Operational domain
Legal
Compliance frameworks
Dodd-Frank
Topics
Corporate Governance International Trade

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