On 6th June 2008, the Commission received a notification of a proposed concentration by which the undertaking Economic Zones World FZE (‘EZW’, United Arab Emirates) belonging to the Dubai World Group acquires control of the whole of the undertaking Gazeley Ltd (‘Gazeley’, United Kingdom) by way of purchase of shares.

Economic Zones World (EZW), a Dubai World company, announced the acquisition of Gazeley Limited, the Wal-Mart-owned global provider of sustainable logistics space, as part of its strategy to expand into global markets and deliver a robust global platform to support the dynamic and complex supply chains of its customers. The price was not disclosed.

EZW intends to leverage existing relationships within the group to explore new markets and regions, further supporting EZW's overall commitment to expand globally and to deliver a robust global platform to support and enhance the supply chains of international customers.

The transaction is subject to the receipt of European regulatory approval and is expected to complete during July. EZW was advised by a top team of professional advisers, led by Deutsche Bank and including Linklaters, KPMG, CBRE and WSP. UBS was financial adviser to Wal-Mart.

Economic Zones World

Economic Zones World (EZW) is Dubai World’s latest initiative to consolidate its unique strength in the field of Creation, Development and Management of Business hubs across the world. EZW has been created as a single commercial entity to look after the Group’s global free zones, economic zones and activity specific business and industrial zone operations. It is responsible for defining and implementing corporate strategy, establishing policy and standards, overseeing local and international operations and the overall financial consolidation of its free zones, special economic zones and other business and industry zone operations to derive optimum commercial and operational synergies between all its global operations.

Gazeley

Gazeley is a leading developer of sustainable warehouses. Since 1987, supported by our 'Virtual Team' of specialist partners, and driven by our customers, It have been delivering positive environmental benefits through our cost-effective warehouses and distribution parks. The company has won awards for our sustainable developments. More importantly we are helping to change the face of the logistics industry.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission. Observations must reach the Commission not later than the 26th June 2008 to:

European Commission
Directorate-General for Competition
Merger Registry
J-70
B-1049 Bruxelles/Brussel
fax ((32-2) 296 43 01 or 296 72 44)