20/11/2009 (Agence Europe) - On Thursday 19 November, the European Commission authorised the proposed concentration whereby the undertakings CPI CEE Management LLC (CPI-CEE, USA) and Gazit Midas (Jersey) plan to acquire joint control of the undertaking Atrium European Real Estate Limited (Atrium, Jersey) by way of conversion of their convertible bonds and warrants into ordinary equity. CPI CEE is administered and advised by Citi Property Investor (CPI), a business unit of Citibank International plc. CPI is the global real estate investment management business of Citigroup. Gazit Group is a multinational real estate investment company involved in the acquisition, development and management of income-producing properties, mainly supermarket-anchored shopping centres, throughout Europe, North America and Israel. Atrium is a public real estate company which owns and develops retail assets, mainly shopping centres, throughout Central and Eastern Europe, the CIS and Turkey. (O.L./transl.jl)