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Document 31992M0241

COMMISSION DECISION of xxx declaring a concentration to be compatible with the common market (Case No IV/M.241 - EUROCARD / EUROCHEQUE - EUROPAY) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

UL C 182, 18.7.1992, p. 19–19 (ES, DA, DE, EL, EN, FR, IT, NL, PT)

Legal status of the document In force

Date of document:
13/07/1992
Date of effect:
13/07/1992; začetek veljavnosti datum obvestila
Date of end of validity:
No end date
Author:
Evropska komisija, Generalni direktorat za konkurenco
Responsible body:
Directorate-General for Competition, DG04/MTF
Form:
Sklep
Addressee:
EUROCHEQUE INTERNATIONAL HOLDINGS SA, EUROCARD INTERNATIONAL SA, EUROPAY INTERNATIONAL SA, EUROCHEQUE INTERNATIONAL SC
Additional information:
NACE=652 (See 32006R1893)
Authentic language:
angleščina
Treaty:
Pogodba o ustanovitvi Evropske gospodarske skupnosti
Legal basis:
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31992M0241

COMMISSION DECISION of xxx declaring a concentration to be compatible with the common market (Case No IV/M.241 - EUROCARD / EUROCHEQUE - EUROPAY) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

Official Journal C 182 , 18/07/1992 P. 0000


COMMISSION DECISION of 13.07.1992 declaring a concentration to be compatible with the common market (Case No IV/M.241 - EUROCARD / EUROCHEQUE - EUROPAY) according to Council Regulation (EEC) No 4064/89

(Only the English text is authentic)

The paper version of the decision is available through the sales offices of the Office of Official Publications of the European Communities.

PUBLIC VERSION

MERGER PROCEDURE

ARTICLE 6(1)(a) DECISION

Registered with advice of delivery

1. To the notifying party

2. To the notifying party

Dear Sirs,

Subject: <ind> Case No IV/M241 - EUROCARD/EUROCHEQUE-EUROPAY.

<tab> <ind> <ind> Your notification pursuant to Article 4 of Council Regulation (EEC) No 4064/89.

1.<ind> On 10.06.1992 Eurocard International S.A. (ECI), Eurocheque International S.C. (ecISC) and Eurocheque International Holdings S.A. (ecIHSA) notified an operation by which they intend to create a new entity: Europay International S.A..

2.<ind> After examination of the notification, the Commission has concluded that the proposed operation does not fall within the scope of the Merger Regulation.

I.<ind> THE PARTIES AND THE PROPOSED OPERATION

3.<ind> ECI is a company under Belgian law managing the Eurocard system in Europe and in a partnership with MasterCard International on a worldwide basis.

4.<ind> ecISC is a cooperative society under Belgian law managing the eurocheque cheque guarantee and ATM payment system covering Europe and the countries bordering the Mediterranean.

5.<ind> ecIHSA is also a company under Belgian law, having as its main purpose the participation in other companies.

6.<ind> ecIHSA and ECI currently own 85% of European Payment Systems Service S.A. (EPSS) with MasterCard International holding the remaining 15%. EPSS offers clearing, settlement and authorisation services in support of intra-European and worldwide cross-border transactions.

7.<ind> Europay will take over all the assets, liabilities and activities of ECI, ecISC and ecIHSA which will be simultaneously liquidated not later than the 2nd June 1993. The purpose of the new company is to provide payment systems and related services to licensed banks.

II.<ind> LACK OF COMMUNITY DIMENSION

8.<ind> The proposed operation does not have a Community dimension since total worldwide turnover of the undertakings concerned does not exceed the 5 billion ECU threshold set out in Article 1.

III. CONCLUSION

9.<ind> Based on the above, and regardless of whether the proposed operation is a concentration within the meaning of Article 3, it can be concluded that the notified operation does not fall within the scope of the Merger Regulation.

This decision is adopted in application of Article 6(1)a of Council Regulation No 4064/89.

For the Commission,

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