1.   

On 23 November 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:

—	CA Indosuez S.A. (‘CAI’, France), controlled by Crédit Agricole S.A. (France),

—	Banque Degroof Petercam SA/NV (‘Degroof Petercam’, Belgium).

CAI will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Degroof Petercam.

The concentration is accomplished by way of purchase of shares.

2.   

The business activities of the undertakings concerned are the following:

—	CAI provides banking, insurance and asset servicing to corporate clients, institutional clients, banks and brokers,

—	Degroof Petercam provides private banking, investment banking, asset management and asset services for retail and institutional clients.

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 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.

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.11311 – CAI / BANQUE DEGROOF PETERCAM

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