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Document 32010M6018
Commission Decision of 29/11/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.6018 - KKR / HGCAPITAL / ARCHANGEL) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)
Odločba Komisije z dne 29/11/2010 o razglasitvi združljivosti koncentracije s skupnim trgom (Zadeva št. COMP/M.6018 - KKR / HGCAPITAL / ARCHANGEL) v skladu z Uredbo Sveta (ES) št. 139/2004 (Besedilo v angleškem jeziku je edino verodostojno)
Odločba Komisije z dne 29/11/2010 o razglasitvi združljivosti koncentracije s skupnim trgom (Zadeva št. COMP/M.6018 - KKR / HGCAPITAL / ARCHANGEL) v skladu z Uredbo Sveta (ES) št. 139/2004 (Besedilo v angleškem jeziku je edino verodostojno)
In force
- Date of document:
- 29/11/2010
- Date of effect:
- 29/11/2010; 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, COMPETITION
- Form:
- Sklep
- Addressee:
- Archangel AS, KKR & Co., HgCapital
- Additional information:
- NACE=J62 (See 32006R1893)
- Authentic language:
- angleščina
- Treaty:
- Pogodba o delovanju Evropske unije
- Legal basis:
-
- 32004R0139 - A06P1B
- Link
- Link
- Link
- Select all documents mentioning this document
- Subject matter:
- Directory code:
-
- 08.40.00.00 Politika konkurence / Koncentracije
32010M6018
Commission Decision of 29/11/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.6018 - KKR / HGCAPITAL / ARCHANGEL) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)
(.PICT.) |EUROPEAN COMMISSION | Brussels, 29.11.2010 SG-Greffe(2010) D/18924/18925 C(2010) 9140 PUBLIC VERSION MERGER PROCEDURE ARTICLE 6(1)(b) DECISION SIMPLIFIED PROCEDURE To the notifying parties Dear Madam(s) and/or Sir(s), Subject: Case No COMP/M.6018 - KKR / HGCAPITAL / ARCHANGEL Notification of 22.10.2010 pursuant to Article 4 of Council Regulation (EC) No 139/2004 [1] Publication in the Official Journal of the European Union No C 296, 30.10.2010, p.14 1. On 22.10.2010, he European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings KKR & Co. L.P. ("KKR", United States) and HgCapital (United Kingdom) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Archangel AS ("Archangel", Norway) by way of purchase of shares. 2. The business activities of the undertakings concerned are: - KKR: global alternative asset manager and provider of capital market solutions. - HgCapital: private equity company, investing mainly in Europe. - Archangel: provider, through its subsidiary Visma AS (Norway), of software solutions in the fields of accounting, finance, payroll, human resources, logistics, sales and customer management. Archangel is mainly active in Norway, Denmark, Finland, Sweden and the Netherlands. 3. After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 [2] . 4. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation. For the European Commission, signed Alexander ITALIANER Director General [1]OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by "internal market". The terminology of the TFEU will be used throughout this decision. [2] OJ C 56, 5.3.2005, p. 32.
