SIRIUS/BROOKFIELD/Paradise JV Merger Prior Notification

EUR-Lex Official Journal C-series

Published April 1st, 2026

Detected April 1st, 2026

Summary

The European Commission published a prior notification under the EU Merger Regulation for Case M.12345 involving SIRIUS, BROOKFIELD, and Paradise JV. The transaction has been designated as a candidate for the simplified procedure, indicating the Commission views the concentration as unlikely to raise competition concerns. Publication appeared in the Official Journal C/2026/1986 on 1 April 2026.

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What changed

The Commission received a formal prior notification of a concentration whereby SIRIUS and BROOKFIELD propose to acquire joint control of Paradise JV (Case M.12345). The transaction was submitted for review under the EU Merger Regulation (EC 139/2004) and has been identified as a candidate for the simplified procedure, which applies to concentrations that do not raise competition concerns and may proceed with reduced procedural requirements and shorter review timelines.

For parties considering reportable transactions, this notice confirms that the simplified procedure remains available for qualifying concentrations. Companies planning mergers or acquisitions within the EU should verify whether their transaction meets the notification thresholds under the Merger Regulation and assess eligibility for simplified treatment. No immediate action is required from third parties unless they believe the transaction may affect their market position.

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Prior notification of a concentration (Case M.12345 – SIRIUS / BROOKFIELD / PARADISE JV) – Candidate case for simplified procedure

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OJ C, C/2026/1986, 1.4.2026, ELI: http://data.europa.eu/eli/C/2026/1986/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/2026/1986/oj

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| | Official Journal
of the European Union | EN

C series |

| | C/2026/1986 | 1.4.2026 |
Prior notification of a concentration

(Case M.12345 – SIRIUS / BROOKFIELD / PARADISE JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(C/2026/1986)

On 23 March 2026, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1). This notification concerns the following undertakings:

| — | Brookfield Corporation (‘Brookfield’, Canada), |

| — | Sirius Holdings Limited (‘Sirius’, Cayman Islands), controlled by Sheikh Hamad bin Jassim Al Thani (Qatar), |

| — | BREF Paradise JV L.P. (‘Paradise JV’, Cayman Islands), controlled by Brookfield. |
Brookfield and Sirius will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Paradise JV.

The concentration is accomplished by way of purchase of securities.

The business activities of the undertakings concerned are the following:
| — | Brookfield is a global investment firm. Its investments focus mainly on renewable power and transition, infrastructure, private equity and real estate as well as corporate credit, real assets and listed equities and aviation leasing and specialty finance, |

| — | Sirius is controlled by Sheik Hamad bin Jassim Al Thani, who owns interests in various businesses in Qatar and abroad, including in the hospitality real estate sector and in various regulated financial services firms. |
3.

The business activities of Paradise JV are the following: the ownership and operation of a resort known as the ‘Atlantis’ resort in Paradise Island, located in the Bahamas.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission. Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.12345 – SIRIUS / BROOKFIELD / PARADISE JV

Observations can be sent to the Commission by email or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:

(2) OJ C 160, 5.5.2023, p. 1.

ELI: http://data.europa.eu/eli/C/2026/1986/oj

ISSN 1977-091X (electronic edition)

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