25/02/2014 (Agence Europe) - Mergers: OIRPC-Intu Properties/Parque Principado. On 25 February, the European Commission gave the go-ahead to the acquisition of joint control over the Luxemburg based company Parque Principado by the Canada Pension Plan Investment Board (“CPPIB”) of Canada together with current parent Intu Properties Plc (“Intu”) of the UK. CPPIB is a professional investment management organisation that invests the assets of the Canada Pension Plan in public equities, private equities, real estate, infrastructure and fixed income investments. Intu is a real estate investment trust largely focused on shopping centre ownership, management and development across the UK. Parque Principado operates commercial real estate in Spain through the ownership of the Parque Principado Shopping Centre and a second property also located within the Parque Principado complex, namely the Eroski Unit in Oviedo. The Commission concluded that the deal notified on 24 January would not raise competition concerns given the limited market shares of the merged entity. The operation was examined under the simplified merger review procedure. (FG/transl.fl)