This document is an excerpt from the EUR-Lex website
Document 52018M8999
Prior notification of a concentration (Case M.8999 — CACF/Bankia/JV) — Candidate case for simplified procedure (Text with EEA relevance.)
Prior notification of a concentration (Case M.8999 — CACF/Bankia/JV) — Candidate case for simplified procedure (Text with EEA relevance.)
Prior notification of a concentration (Case M.8999 — CACF/Bankia/JV) — Candidate case for simplified procedure (Text with EEA relevance.)
OJ C 244, 12.7.2018, p. 4–4
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
|
12.7.2018 |
EN |
Official Journal of the European Union |
C 244/4 |
Prior notification of a concentration
(Case M.8999 — CACF/Bankia/JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2018/C 244/05)
1.
On 5 July 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1), whereby CA Consumer Finance SA (‘CACF’, France) and Bankia SA (‘Bankia’, Spain) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created joint venture (the ‘Target’).The concentration is accomplished by way of purchase of shares.
2.
The business activities of the undertakings concerned are:— for Bankia: financial services and provision of financing, insurance, asset management and management of real estate assets in Spain,
— for CACF: provision of consumer credit in a variety of areas of consumer credit such as direct sales, point-of-sales financing, e-commerce, partnerships and brokerage in 19 countries,
— for the Target: provision of consumer finance products to individuals, self-employed workers as well as other related activities exclusively in Spain and through non-banking channels such as, inter alia, car dealership companies, shops, direct contact via telephone or websites.
3.
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.
4.
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 10 days following the date of this publication. The following reference should always be specified:
M.8999 — CACF/Bankia/JV
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
|
Email: COMP-MERGER-REGISTRY@ec.europa.eu |
|
Fax +32 22964301 |
|
Postal address: |
|
European Commission |
|
Directorate-General for Competition |
|
Merger Registry |
|
1049 Bruxelles/Brussel |
|
BELGIQUE/BELGIË |
(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).
(2) OJ C 366, 14.12.2013, p. 5.