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Document 32004M3660
Commission Decision of 23/12/2004 declaring a concentration to be compatible with the common market (Case No COMP/M.3660 - SOCIETE GENERALE / OTTO / HANSEATIC BANK / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)
Kommissionens beslutning af 23/12/2004 om en fusions forenelighed med det fælles marked (Sag COMP/M.3660 - SOCIETE GENERALE / OTTO / HANSEATIC BANK / JV) Rådets forordning (EF) nr. 139/2004 (Kun den engelske udgave er autentisk)
Kommissionens beslutning af 23/12/2004 om en fusions forenelighed med det fælles marked (Sag COMP/M.3660 - SOCIETE GENERALE / OTTO / HANSEATIC BANK / JV) Rådets forordning (EF) nr. 139/2004 (Kun den engelske udgave er autentisk)
In force
- Date of document:
- 23/12/2004
- Date of effect:
- 23/12/2004; virkningstidspunkt meddelelsesdato
- Date of end of validity:
- No end date
- Author:
- Europa-Kommissionen, Generaldirektoratet for Konkurrence
- Responsible body:
- Directorate-General for Competition, COMPETITION
- Form:
- Beslutning
- Additional information:
- NACE=J .65 (See 32006R1893)
- Authentic language:
- engelsk
- Treaty:
- Traktat om oprettelse af Det Europæiske Fællesskab
- Legal basis:
-
- 32004R0139 - A06P1B
- Link
- Link
- Link
- Select all documents mentioning this document
- Subject matter:
- Directory code:
-
- 08.40.00.00 Konkurrencepolitik / Fusioner
32004M3660
Commission Decision of 23/12/2004 declaring a concentration to be compatible with the common market (Case No IV/M.3660 - SOCIETE GENERALE / OTTO / HANSEATIC BANK / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)
Brussels, 23.12.2004 SG-Greffe(2004) D/ D/206389+90 To the Notifying Parties Dear Madam and/or Sir, Subject: Case No. COMP/M.3660 - Société Générale/Otto/Hanseatic Bank/JV Notification of 26.11.2004 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 299, December 4, 2004. 1. On 26.11.2004 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings Société Générale SA (“SG”, France) and Otto GmbH & Co. KG (“Otto”, Germany) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of Hanseatic Bank GmbH & Co. KG (“Hanseatic Bank”, Germany), by way of purchase of shares. 2. The business activities of the undertakings concerned are: - for SG :banking and financial services, - for Otto : retailing by mail order, and - for Hanseatic Bank : banking. 3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph c, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No139/2004 [2]. 4. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004. For the Commission signed Neelie KROES Member of the Commission [1] OJ L 24, 29.1.2004 p. 1 [2] Available on DG COMP website: http://europa.eu.int/comm/competition/mergers/legislation/consultation/simplified_tru.pdf. --------------------------------------------------
