1.   

On 17 June 2022, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—	Intermediate Capital Group, plc (‘ICG’, United Kingdom),

—	Grupo Konectanet, S.L.U (‘Konecta’, Spain),

—	Comdata, S.p.A (‘Comdata’, Italy).

ICG will aquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of Konecta and Comdata.

The concentration is accomplished by way of purchase of shares.

2.   

The business activities of the undertakings concerned are the following:

—	ICG is an investment firm and asset manager, with presence in Europe, Asia Pacific and the USA,

—	Konecta is a business process outsourcing services provider in Europe and Latin America. Konecta is currently jointly controlled by ICG,

—	Comdata is a business process outsourcing services provider with activities in Africa, Europe and Latin America.

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 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.10785 – ICG / KONECTA / COMDATA

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