Non-opposition to KKR, PAG, Sapporo Real Estate concentration (Case M.12315)
Summary
The European Commission has issued a notice of non-opposition to a concentration involving KKR, PAG, and Sapporo Real Estate (Case M.12315). This decision indicates that the proposed business combination does not raise competition concerns under EU merger control rules.
What changed
The European Commission, through its Official Journal C-series, has published a notice regarding Case M.12315, concerning a concentration involving KKR, PAG, and Sapporo Real Estate. The notice states that the Commission has decided not to oppose this notified concentration, meaning it has been cleared under the EU's merger control regulations. This action signifies that the proposed business combination has been reviewed and found not to significantly harm competition within the European Union.
For regulated entities, this notice is primarily informational. It confirms that the merger review process for this specific transaction has concluded without objections. Compliance officers in the financial services sector, particularly those involved with investment funds, asset management, or real estate investment, should note this clearance as it may impact market structures or investment opportunities. No immediate action is required from external parties, as this is a final decision on a specific transaction.
Archived snapshot
Mar 25, 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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Non-opposition to a notified concentration (Case M.12315 – KKR / PAG / SAPPORO REAL ESTATE)
C/2026/1644
OJ C, C/2026/1917, 25.3.2026, ELI: http://data.europa.eu/eli/C/2026/1917/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/2026/1917/oj
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| | Official Journal
of the European Union | EN
C series |
| | C/2026/1917 | 25.3.2026 |
Non-opposition to a notified concentration
(Case M.12315 – KKR / PAG / SAPPORO REAL ESTATE)
(Text with EEA relevance)
(C/2026/1917)
On 5 March 2026, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:
| — | in the merger section of the ‘Competition policy’ website of the Commission (https://competition-cases.ec.europa.eu/search). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32026M12315. EUR-Lex is the online point of access to European Union law. |
(1) OJ L 24, 29.1.2004, p. 1.
ELI: http://data.europa.eu/eli/C/2026/1917/oj
ISSN 1977-091X (electronic edition)
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