ISSN 1977-091X
Official Journal
of the European Union
C 334
English edition
Information and Notices
Volume 66
22 September 2023
|
ISSN 1977-091X |
||
|
Official Journal of the European Union |
C 334 |
|
|
|
||
|
English edition |
Information and Notices |
Volume 66 |
|
Contents |
page |
|
|
|
I Resolutions, recommendations and opinions |
|
|
|
RECOMMENDATIONS |
|
|
|
Council |
|
|
2023/C 334/01 |
|
|
II Information |
|
|
|
INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
|
|
|
European Commission |
|
|
2023/C 334/02 |
Non-opposition to a notified concentration (Case M.10606 – MUBADALA / NATIONALE-NEDERLANDEN / HEALTHCARE ACTIVOS MANAGEMENT / HAY / HAISA ENTITIES / SQA) ( 1 ) |
|
|
IV Notices |
|
|
|
NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
|
|
|
European Commission |
|
|
2023/C 334/03 |
||
|
|
NOTICES FROM MEMBER STATES |
|
|
2023/C 334/04 |
|
|
V Announcements |
|
|
|
PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY |
|
|
|
European Commission |
|
|
2023/C 334/05 |
Prior notification of a concentration (Case M.11281 – GOLDMAN SACHS / CHARLESBANK CAPITAL PARTNERS / WORLD INSURANCE ASSOCIATES) – Candidate case for simplified procedure ( 1 ) |
|
|
2023/C 334/06 |
Prior notification of a concentration (Case M.11177 – PFIZER / SEAGEN) ( 1 ) |
|
|
2023/C 334/07 |
Prior notification of a concentration (Case M.10507 – Hitachi Rail / Thales GTS) ( 1 ) |
|
|
2023/C 334/08 |
Prior notification of a concentration – Case M.10926 – FARFETCH / RICHEMONT / YNAP ( 1 ) |
|
|
|
|
|
(1) Text with EEA relevance. |
|
EN |
|
I Resolutions, recommendations and opinions
RECOMMENDATIONS
Council
|
22.9.2023 |
EN |
Official Journal of the European Union |
C 334/1 |
COUNCIL RECOMMENDATION
of 19 September 2023
on the appointment of a member of the Executive Board of the European Central Bank
(2023/C 334/01)
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 283(2) and Article 139(2) thereof,
Having regard to Protocol No 4 on the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 11.2 thereof,
HEREBY RECOMMENDS TO THE EUROPEAN COUNCIL THAT:
Mr Piero Cipollone be appointed as a member of the Executive Board of the European Central Bank for a term of office of eight years with effect from 1 November 2023.
Done at Brussels, 19 September 2023.
For the Council
The President
P. NAVARRO RÍOS
II Information
INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES
European Commission
|
22.9.2023 |
EN |
Official Journal of the European Union |
C 334/2 |
Non-opposition to a notified concentration
(Case M.10606 – MUBADALA / NATIONALE-NEDERLANDEN / HEALTHCARE ACTIVOS MANAGEMENT / HAY / HAISA ENTITIES / SQA)
(Text with EEA relevance)
(2023/C 334/02)
On 11 March 2022, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:
|
— |
in the merger section of the ‘Competition policy’ website of the Commission (https://competition-cases.ec.europa.eu/search). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
|
— |
in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32022M10606. EUR-Lex is the online point of access to European Union law. |
IV Notices
NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES
European Commission
|
22.9.2023 |
EN |
Official Journal of the European Union |
C 334/3 |
1 euro =
|
|
Currency |
Exchange rate |
|
USD |
US dollar |
1,0635 |
|
JPY |
Japanese yen |
157,34 |
|
DKK |
Danish krone |
7,4547 |
|
GBP |
Pound sterling |
0,86713 |
|
SEK |
Swedish krona |
11,9260 |
|
CHF |
Swiss franc |
0,9628 |
|
ISK |
Iceland króna |
145,50 |
|
NOK |
Norwegian krone |
11,5270 |
|
BGN |
Bulgarian lev |
0,0000 |
|
CZK |
Czech koruna |
24,437 |
|
HUF |
Hungarian forint |
387,78 |
|
PLN |
Polish zloty |
4,6270 |
|
RON |
Romanian leu |
4,9708 |
|
TRY |
Turkish lira |
28,8448 |
|
AUD |
Australian dollar |
1,6617 |
|
CAD |
Canadian dollar |
1,4368 |
|
HKD |
Hong Kong dollar |
8,3181 |
|
NZD |
New Zealand dollar |
1,8004 |
|
SGD |
Singapore dollar |
1,4559 |
|
KRW |
South Korean won |
1 426,05 |
|
ZAR |
South African rand |
20,1522 |
|
CNY |
Chinese yuan renminbi |
7,7695 |
|
IDR |
Indonesian rupiah |
16 351,31 |
|
MYR |
Malaysian ringgit |
4,9894 |
|
PHP |
Philippine peso |
60,536 |
|
RUB |
Russian rouble |
|
|
THB |
Thai baht |
38,488 |
|
BRL |
Brazilian real |
5,2092 |
|
MXN |
Mexican peso |
18,2401 |
|
INR |
Indian rupee |
88,3718 |
(1) Source: reference exchange rate published by the ECB.
NOTICES FROM MEMBER STATES
|
22.9.2023 |
EN |
Official Journal of the European Union |
C 334/4 |
Update of the list of border crossing points as referred to in Article 2(8) of Regulation (EU) 2016/399 of the European Parliament and of the Council on a Union Code on the rules governing the movement of persons across borders (Schengen Borders Code) (1)
(2023/C 334/04)
The publication of the list of border crossing points as referred to in Article 2(8) of Regulation (EU) 2016/399 of the European Parliament and of the Council of 9 March 2016 on a Union Code on the rules governing the movement of persons across borders (Schengen Borders Code) (2) is based on the information notified by the Member States to the Commission pursuant to Article 39 of the Schengen Borders Code.
In addition to the publication in the Official Journal, a regular update is available on the website of the Directorate-General for Migration and Home Affairs.
LIST OF BORDER CROSSING POINTS
ITALY
Replacement of the information published in OJ C 241, 24.6.2022, p. 8 .
Air borders
|
(1) |
Alghero (SS) |
Polizia di Stato |
|
(2) |
Ancona |
Polizia di Stato |
|
(3) |
Aosta |
Polizia di Stato |
|
(4) |
Bari |
Polizia di Stato |
|
(5) |
Bergamo |
Polizia di Stato |
|
(6) |
Biella |
Polizia di Stato |
|
(7) |
Bologna |
Polizia di Stato |
|
(8) |
Bolzano |
Polizia di Stato |
|
(9) |
Brescia |
Polizia di Stato |
|
(10) |
Brindisi |
Polizia di Stato |
|
(11) |
Cagliari |
Polizia di Stato |
|
(12) |
Catania |
Polizia di Stato |
|
(13) |
Crotone |
Polizia di Stato |
|
(14) |
Cuneo Levaldigi |
Polizia di Stato |
|
(15) |
Comiso |
Polizia di Stato |
|
(16) |
Fano (PU) |
Polizia di Stato |
|
(17) |
Firenze |
Polizia di Stato |
|
(18) |
Foggia |
Polizia di Stato |
|
(19) |
Forlì |
Polizia di Stato |
|
(20) |
Genova |
Polizia di Stato |
|
(21) |
Grosseto |
Polizia di Stato |
|
(22) |
Lamezia Terme (CZ) |
Polizia di Stato |
|
(23) |
Lampedusa (AG) |
Carabinieri |
|
(24) |
Lecce |
Polizia di Stato |
|
(25) |
Marina di Campo (LI) |
Carabinieri |
|
(26) |
Milano Linate |
Polizia di Stato |
|
(27) |
Napoli |
Polizia di Stato |
|
(28) |
Olbia |
Polizia di Stato |
|
(29) |
Oristano |
Polizia di Stato |
|
(30) |
Palermo |
Polizia di Stato |
|
(31) |
Pantelleria (TP) |
Carabinieri |
|
(32) |
Parma |
Polizia di Stato |
|
(33) |
Perugia |
Polizia di Stato |
|
(34) |
Pescara |
Polizia di Stato |
|
(35) |
Pisa |
Polizia di Stato |
|
(36) |
Reggio di Calabria |
Polizia di Stato |
|
(37) |
Rimini |
Polizia di Stato |
|
(38) |
Roma Ciampino |
Polizia di Stato |
|
(39) |
Roma Fiumicino |
Polizia di Stato |
|
(40) |
Roma Urbe |
Polizia di Stato |
|
(41) |
Ronchi dei Legionari (GO) |
Polizia di Stato |
|
(42) |
Salerno |
Polizia di Stato |
|
(43) |
Siena |
Polizia di Stato |
|
(44) |
Taranto-Grottaglie |
Polizia di Stato |
|
(45) |
Torino |
Polizia di Stato |
|
(46) |
Trapani |
Polizia di Stato |
|
(47) |
Tortoli (NU) |
Polizia di Stato |
|
(48) |
Treviso |
Polizia di Stato |
|
(49) |
Varese Malpensa |
Polizia di Stato |
|
(50) |
Venezia |
Polizia di Stato |
|
(51) |
Verona |
Polizia di Stato |
|
(52) |
Villanova d’Albenga (SV) |
Carabinieri |
Sea borders
|
(1) |
Alassio (SV) |
Polizia di Stato |
|
(2) |
Alghero (SS) |
Polizia di Stato |
|
(3) |
Ancona |
Polizia di Stato |
|
(4) |
Anzio - Nettuno (RM) |
Polizia di Stato |
|
(5) |
Augusta (SR) |
Polizia di Stato |
|
(6) |
Bacoli (NA) |
Carabinieri |
|
(7) |
Bari |
Polizia di Stato |
|
(8) |
Barletta (BA) |
Polizia di Stato |
|
(9) |
Brindisi |
Polizia di Stato |
|
(10) |
Cagliari |
Polizia di Stato |
|
(11) |
Campo nell’Elba (LI) |
Carabinieri |
|
(12) |
Caorle (VE) |
Carabinieri |
|
(13) |
Capraia Isola (LI) |
Carabinieri |
|
(14) |
Capri (NA) |
Polizia di Stato |
|
(15) |
Carbonia (CA) |
Polizia di Stato |
|
(16) |
Castellammare di Stabia (NA) |
Polizia di Stato |
|
(17) |
Castellammare del Golfo (TP) |
Polizia di Stato |
|
(18) |
Catania |
Polizia di Stato |
|
(19) |
Chioggia (VE) |
Polizia di Stato |
|
(20) |
Civitavecchia (RM) |
Polizia di Stato |
|
(21) |
Corigliano Calabro (CS) |
Polizia di Stato |
|
(22) |
Crotone (KR) |
Polizia di Stato |
|
(23) |
Duino Aurisina (TS) |
Polizia di Stato |
|
(24) |
Finale Ligure (SV) |
Carabinieri |
|
(25) |
Fiumicino (RM) |
Polizia di Stato |
|
(26) |
Formia (LT) |
Polizia di Stato |
|
(27) |
Gaeta (LT) |
Polizia di Stato |
|
(28) |
Gallipoli (LE) |
Polizia di Stato |
|
(29) |
Gela (CL) |
Polizia di Stato |
|
(30) |
Genova (GE) |
Polizia di Stato |
|
(31) |
Gioia Tauro (RC) |
Polizia di Stato |
|
(32) |
Giulianova (TE) |
Polizia di Stato |
|
(33) |
Grado (GO) |
Carabinieri |
|
(34) |
Ischia (NA) |
Polizia di Stato |
|
(35) |
La Maddalena (SS) |
Carabinieri |
|
(36) |
La Spezia |
Polizia di Stato |
|
(37) |
Lampedusa (AG) |
Polizia di Stato |
|
(38) |
Lerici (SP) |
Carabinieri |
|
(39) |
Levanto (SP) |
Carabinieri |
|
(40) |
Licata (AG) |
Polizia di Stato |
|
(41) |
Lignano Sabbiadoro (VE) |
Carabinieri |
|
(42) |
Lipari (ME) |
Carabinieri |
|
(43) |
Livorno |
Polizia di Stato |
|
(44) |
Loano (SV) |
Carabinieri |
|
(45) |
Manfredonia (FG) |
Polizia di Stato |
|
(46) |
Marciana Marina (LI) |
Carabinieri |
|
(47) |
Marina di Carrara (MS) |
Polizia di Stato |
|
(48) |
Marsala (TP) |
Polizia di Stato |
|
(49) |
Mazara del Vallo (TP) |
Polizia di Stato |
|
(50) |
Messina |
Polizia di Stato |
|
(51) |
Milazzo (ME) |
Polizia di Stato |
|
(52) |
Molfetta (BA) |
Carabinieri |
|
(53) |
Monopoli (BA) |
Polizia di Stato |
|
(54) |
Muggia (TS) |
Polizia di Stato |
|
(55) |
Napoli |
Polizia di Stato |
|
(56) |
Olbia |
Polizia di Stato |
|
(57) |
Oneglia (IM) |
Polizia di Stato |
|
(58) |
Oristano |
Polizia di Stato |
|
(59) |
Ortona (CH) |
Carabinieri |
|
(60) |
Ostia (RM) |
Polizia di Stato |
|
(61) |
Otranto (LE) |
Polizia di Stato |
|
(62) |
Palau (SS) |
Carabinieri |
|
(63) |
Palermo |
Polizia di Stato |
|
(64) |
Pantelleria (TP) |
Carabinieri |
|
(65) |
Pesaro |
Polizia di Stato |
|
(66) |
Pescara |
Polizia di Stato |
|
(67) |
Piombino (LI) |
Polizia di Stato |
|
(68) |
Porto Azzurro (LI) |
Carabinieri |
|
(69) |
Porto Cervo (SS) |
Polizia di Stato |
|
(70) |
Porto Empedocle (AG) |
Polizia di Stato |
|
(71) |
Porto Ferraio (LI) |
Polizia di Stato |
|
(72) |
Porto Nogaro (UD) |
Carabinieri |
|
(73) |
Porto Tolle (RO) |
Polizia di Stato |
|
(74) |
Porto Torres (SS) |
Polizia di Stato |
|
(75) |
Porto Venere (SP) |
Carabinieri |
|
(76) |
Portofino (GE) |
Carabinieri |
|
(77) |
Pozzallo (RG) |
Carabinieri |
|
(78) |
Pozzuoli (NA) |
Polizia di Stato |
|
(79) |
Rapallo (GE) |
Polizia di Stato |
|
(80) |
Ravenna |
Polizia di Stato |
|
(81) |
Reggio di Calabria |
Polizia di Stato |
|
(82) |
Rimini |
Polizia di Stato |
|
(83) |
Rio Marina (LI) |
Carabinieri |
|
(84) |
Riposto (CT) |
Carabinieri |
|
(85) |
Ronchi dei Legionari – Monfalcone (GO) |
Polizia di Stato |
|
(86) |
Santa Margherita Ligure (GE) |
Carabinieri |
|
(87) |
Sanremo (IM) |
Polizia di Stato |
|
(88) |
Santa Maria di Leuca (LE) |
Polizia di Stato |
|
(89) |
Santa Teresa di Gallura (SS) |
Polizia di Stato |
|
(90) |
San Benedetto del Tronto (AP) |
Polizia di Stato |
|
(91) |
Salerno |
Polizia di Stato |
|
(92) |
Savona |
Polizia di Stato |
|
(93) |
Siracusa |
Polizia di Stato |
|
(94) |
Sorrento (NA) |
Polizia di Stato |
|
(95) |
Taormina (ME) |
Polizia di Stato |
|
(96) |
Taranto |
Polizia di Stato |
|
(97) |
Termini Imerese (PA) |
Polizia di Stato |
|
(98) |
Termoli (CB) |
Polizia di Stato |
|
(99) |
Terracina (LT) |
Polizia di Stato |
|
(100) |
Torre Annunziata (NA) |
Polizia di Stato |
|
(101) |
Tortolì (NU) |
Polizia di Stato |
|
(102) |
Torviscosa (UD) |
Carabinieri |
|
(103) |
Trani (BA) |
Polizia di Stato |
|
(104) |
Trapani |
Polizia di Stato |
|
(105) |
Trieste |
Polizia di Stato |
|
(106) |
Varazze (SV) |
Carabinieri |
|
(107) |
Vasto (CH) |
Polizia di Stato |
|
(108) |
Venezia |
Polizia di Stato |
|
(109) |
Viareggio (LU) |
Polizia di Stato |
|
(110) |
Vibo Valentia Marina (VV) |
Polizia di Stato |
List of previous publications
(1) See the list of previous publications at the end of this update.
V Announcements
PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY
European Commission
|
22.9.2023 |
EN |
Official Journal of the European Union |
C 334/10 |
Prior notification of a concentration
(Case M.11281 – GOLDMAN SACHS / CHARLESBANK CAPITAL PARTNERS / WORLD INSURANCE ASSOCIATES)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 334/05)
1.
On 13 September 2023, 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:
|
— |
Charlesbank Capital Partners, LLC (‘Charlesbank’, USA), |
|
— |
Goldman Sachs Asset Management, LP (‘Goldman Sachs Asset Management’, USA), controlled by the Goldman Sachs Group, Inc (USA), |
|
— |
World Insurance Associates, LLC (‘World Insurance Associates’, USA), solely controlled by Charlesbank. |
Charlesbank Capital Partner and Goldman Sachs Asset Management will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of World Insurance Associates.
The concentration is accomplished by way of purchase of shares.
2.
The business activities of the undertakings concerned are the following:|
— |
Charlesbank is a private equity firm with portfolio companies active in business services, consumer, healthcare, industrial, technology and technology infrastructure, primarily in North America, |
|
— |
Goldman Sachs Asset Management provides investment and advisory services across public and private markets for international institutions, financial advisors and individuals. |
3.
The business activities of World Insurance Associates are the following: insurance brokerage specialised in personal and commercial insurance lines, surety and bonding, employee benefits, financial and retirement services, and human capital management solutions.
4.
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 treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.
5.
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.11281 – GOLDMAN SACHS / CHARLESBANK CAPITAL PARTNERS / WORLD INSURANCE ASSOCIATES
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
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’).
|
22.9.2023 |
EN |
Official Journal of the European Union |
C 334/12 |
Prior notification of a concentration
(Case M.11177 – PFIZER / SEAGEN)
(Text with EEA relevance)
(2023/C 334/06)
1.
On 14 September 2023, the Commission received notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of Council Regulation (EC) No 139/2004 (1).This notification concerns the following undertakings:
|
— |
Pfizer Inc. (‘Pfizer’) (USA), |
|
— |
Seagen Inc. (‘Seagen’) (USA). |
Pfizer will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of Seagen.
The concentration is accomplished by way of purchase of shares.
2.
The business activities of the undertakings concerned are the following:|
— |
Pfizer is a pharmaceutical company active worldwide in the research, development, manufacturing and marketing of medicines in various areas, including oncology, |
|
— |
Seagen is a biotechnology company that develops and commercialises targeted therapies to treat cancer. Seagen’s efforts are exclusively in oncology. |
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.
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.11177 – PFIZER / SEAGEN
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: mailto: COMP-MERGER-REGISTRY@ec.europa.eu
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’).
|
22.9.2023 |
EN |
Official Journal of the European Union |
C 334/13 |
Prior notification of a concentration
(Case M.10507 – Hitachi Rail / Thales GTS)
(Text with EEA relevance)
(2023/C 334/07)
1.
On 14 September 2023, 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:
|
— |
Hitachi Rail, Ltd. (‘Hitachi Rail’, United Kingdom), controlled by Hitachi, Ltd. (Japan), |
|
— |
The Ground Transportation Systems business of Thales S.A. (‘Thales GTS’, France). |
Hitachi Rail will acquire within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Thales GTS.
The concentration is accomplished by way of purchase of shares.
The same concentration was already notified to the Commission on 4 October 2022, but the notification was subsequently withdrawn on 3 November 2022.
2.
The business activities of the undertakings concerned are the following:|
— |
Hitachi Rail is a globally active provider of transport solutions including rolling stock, signalling systems, turnkey solutions, maintenance services and components, |
|
— |
Thales GTS is a globally active provider of rail signalling and train control systems, telecommunications and supervision systems and fare collection solutions. |
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.
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.10507 – Hitachi Rail / Thales GTS
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: mailto:COMP-MERGER-REGISTRY@ec.europa.eu
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’).
|
22.9.2023 |
EN |
Official Journal of the European Union |
C 334/14 |
Prior notification of a concentration
Case M.10926 – FARFETCH / RICHEMONT / YNAP
(Text with EEA relevance)
(2023/C 334/08)
1.
On 15 September 2023, 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:
|
— |
Farfetch Limited (‘Farfetch’ ) (United Kingdom), |
|
— |
Compagnie Financière Richemont S.A. (‘Richemont ’ ) (Switzerland), |
|
— |
YOOX Net-A-Porter Group S.p.A. (‘YNAP’) (Italy), belonging to Richemont. |
Farfetch and Richemont will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over YNAP.
The concentration is accomplished by way of purchase of shares.
2.
The business activities of the undertakings concerned are the following:|
— |
Farfetch is a global platform for the luxury fashion industry active in the retail supply of personal luxury goods, mainly through its marketplace and a suite of retail stores. Farfetch is also active in the supply of e-commerce services to brands, |
|
— |
Richemont is a holding company comprising 26 personal luxury brands (the ‘Richemont Maisons’), including Cartier, Van Cleef & Arpels, Montblanc, Alfred Dunhill and IWC Schaffhausen as well as YNAP, |
|
— |
YNAP is a global online retailer of personal luxury goods which provides a curated selection of luxury fashion goods through its own suite of online stores (Net-A-Porter, Mr Porter, YOOX and The Outnet). YNAP is also active in the provision of e-commerce services to brands. |
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.
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.10926 – FARFETCH / RICHEMONT / YNAP
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: mailto:COMP-MERGER-REGISTRY@ec.europa.eu
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’).