This document is an excerpt from the EUR-Lex website
Document 32011M6232
Commission Decision of 01/08/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6232 - ALLIANZ / BANCO POPULAR / POPULAR GESTION) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)
Odločba Komisije z dne 01/08/2011 o razglasitvi združljivosti koncentracije s skupnim trgom (Zadeva št. COMP/M.6232 - ALLIANZ / BANCO POPULAR / POPULAR GESTION) v skladu z Uredbo Sveta (ES) št. 139/2004 (Besedilo v angleškem jeziku je edino verodostojno)
Odločba Komisije z dne 01/08/2011 o razglasitvi združljivosti koncentracije s skupnim trgom (Zadeva št. COMP/M.6232 - ALLIANZ / BANCO POPULAR / POPULAR GESTION) v skladu z Uredbo Sveta (ES) št. 139/2004 (Besedilo v angleškem jeziku je edino verodostojno)
In force
- Date of document:
- 01/08/2011
- Date of effect:
- 01/08/2011; 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:
- Popular Gestión, SGIIC, S.A., Banco Popular Espãnol, S.A., Allianz SE
- Additional information:
- NACE=K66.03#NACE=K64.03 (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
32011M6232
Commission Decision of 01/08/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6232 - ALLIANZ / BANCO POPULAR / POPULAR GESTION) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)
|EUROPEAN COMMISSION | Brussels , 01.08.2011 C(2011) 5672 final PUBLIC VERSION SIMPLIFIED MERGER PROCEDURE | To the notifying parties: | Dear Madam(s) and/or Sir(s), Subject: Case No COMP/M. 6232-ALLIANZ / BANCO POPULAR / POPULAR GESTION Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 [1] (1) On 01.07.2011 the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking ALLIANZ SE ("Allianz", Germany) and Banco Popular Español S.A. ("BPE", Spain) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Popular Gestión, SGIIC, S.A. ("PG", Spain) by way of purchase of shares. (2) The business activities of the undertakings concerned are: - for Allianz : international insurance and financial services provider; - for BPE: commercial banking, factoring, asset management, pension funds management, securities and exchange management, leasing, and insurance sectors; - for PG : asset management services [2] . (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(a) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 [3] . (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 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] Publication in the Official Journal of the European Union No C 203, 09.07.201, p.20 [3] OJ C 56, 5.3.2005, p. 32.
