ISSN 1977-091X |
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Official Journal of the European Union |
C 124 |
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English edition |
Information and Notices |
Volume 60 |
Notice No |
Contents |
page |
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II Information |
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INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
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European Commission |
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2017/C 124/01 |
Non-opposition to a notified concentration (Case M.8428 — CVC/Żabka Polska) ( 1 ) |
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2017/C 124/02 |
Non-opposition to a notified concentration (Case M.8442 — Ardian/Groupe Prosol) ( 1 ) |
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IV Notices |
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NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
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European Commission |
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2017/C 124/03 |
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European Systemic Risk Board |
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2017/C 124/04 ESRB/2017/2 |
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V Announcements |
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PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY |
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European Commission |
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2017/C 124/05 |
Prior notification of a concentration (Case M.8408 — Cinven/CPPIB/Travel Holdings Parent Corporation) ( 1 ) |
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2017/C 124/06 |
Prior notification of a concentration (Case M.8379 — SGID/Hellenic Republic/IPTO) — Candidate case for simplified procedure ( 1 ) |
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2017/C 124/07 |
Prior notification of a concentration (Case M.8462 — KKR/CDPQ/USI Insurance Services) — Candidate case for simplified procedure ( 1 ) |
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(1) Text with EEA relevance. |
EN |
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II Information
INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES
European Commission
21.4.2017 |
EN |
Official Journal of the European Union |
C 124/1 |
Non-opposition to a notified concentration
(Case M.8428 — CVC/Żabka Polska)
(Text with EEA relevance)
(2017/C 124/01)
On 7 April 2017, 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:
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in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
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in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8428. EUR-Lex is the online access to European law. |
21.4.2017 |
EN |
Official Journal of the European Union |
C 124/1 |
Non-opposition to a notified concentration
(Case M.8442 — Ardian/Groupe Prosol)
(Text with EEA relevance)
(2017/C 124/02)
On 10 April 2017, 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 French and will be made public after it is cleared of any business secrets it may contain. It will be available:
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in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes. |
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in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8442. EUR-Lex is the online access to European law. |
IV Notices
NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES
European Commission
21.4.2017 |
EN |
Official Journal of the European Union |
C 124/2 |
Euro exchange rates (1)
20 April 2017
(2017/C 124/03)
1 euro =
|
Currency |
Exchange rate |
USD |
US dollar |
1,0745 |
JPY |
Japanese yen |
117,16 |
DKK |
Danish krone |
7,4381 |
GBP |
Pound sterling |
0,83920 |
SEK |
Swedish krona |
9,6203 |
CHF |
Swiss franc |
1,0701 |
ISK |
Iceland króna |
|
NOK |
Norwegian krone |
9,2120 |
BGN |
Bulgarian lev |
1,9558 |
CZK |
Czech koruna |
26,907 |
HUF |
Hungarian forint |
313,50 |
PLN |
Polish zloty |
4,2588 |
RON |
Romanian leu |
4,5405 |
TRY |
Turkish lira |
3,9067 |
AUD |
Australian dollar |
1,4278 |
CAD |
Canadian dollar |
1,4494 |
HKD |
Hong Kong dollar |
8,3550 |
NZD |
New Zealand dollar |
1,5301 |
SGD |
Singapore dollar |
1,5009 |
KRW |
South Korean won |
1 220,93 |
ZAR |
South African rand |
14,1282 |
CNY |
Chinese yuan renminbi |
7,3965 |
HRK |
Croatian kuna |
7,4550 |
IDR |
Indonesian rupiah |
14 316,10 |
MYR |
Malaysian ringgit |
4,7257 |
PHP |
Philippine peso |
53,422 |
RUB |
Russian rouble |
60,4465 |
THB |
Thai baht |
36,931 |
BRL |
Brazilian real |
3,3770 |
MXN |
Mexican peso |
20,1980 |
INR |
Indian rupee |
69,4375 |
(1) Source: reference exchange rate published by the ECB.
European Systemic Risk Board
21.4.2017 |
EN |
Official Journal of the European Union |
C 124/3 |
DECISION OF THE EUROPEAN SYSTEMIC RISK BOARD
of 31 March 2017
amending Decision ESRB/2011/1 adopting the Rules of Procedure of the European Systemic Risk Board
(ESRB/2017/2)
(2017/C 124/04)
THE GENERAL BOARD OF THE EUROPEAN SYSTEMIC RISK BOARD,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board (1), and in particular Article 6(4) and Article 9(5) thereof,
Having regard to Council Regulation (EU) No 1096/2010 of 17 November 2010 conferring specific tasks upon the European Central Bank concerning the functioning of the European Systemic Risk Board (2),
Whereas:
(1) |
On 12 July 2016 the Council adopted Decision (EU) 2016/1171 (3), which concerns the position to be adopted, on behalf of the Union, within the European Economic Area (EEA) Joint Committee on the proposed amendments to Annex IX (Financial Services) to the EEA Agreement. On 30 September 2016 the EEA Joint Committee adopted Decision of the EEA Joint Committee No 198/2016 (4) amending the status and involvement in the work of the European Systemic Risk Board (ESRB) of the relevant authorities of the European Free Trade Association (EFTA) Member States participating in the EEA. Representatives of the relevant authorities of Norway, Iceland and Liechtenstein are to participate in the work of the ESRB’s General Board without voting rights, and in that of the Advisory Technical Committee. The Governors of these EFTA Member States’ national central banks, and, as regards Liechtenstein, a high-level representative of the Ministry of Finance as well as a high-level representative of the competent national supervisory authority of each of these EFTA Member States, and a college member of the EFTA Surveillance Authority, whenever relevant to its tasks, are to be members of the General Board without voting rights. Representatives of these EFTA Member States’ national central banks, and, as regards Liechtenstein, a representative of the Ministry of Finance, and a representative of the competent national supervisory authority of each of these EFTA Member States are to participate in meetings of the Advisory Technical Committee. These representatives of the relevant authorities of these EFTA Member States will not participate in the work of the ESRB, where the situation of individual Union financial institutions or Member States may be discussed. |
(2) |
All legal instruments of the ESRB are to be adopted by the General Board and signed by the Head of the ESRB Secretariat to certify their conformity with the decision of the General Board. |
(3) |
Therefore, Decision ESRB/2011/1 of the European Systemic Risk Board (5) should be amended accordingly, |
HAS ADOPTED THIS DECISION:
Article 1
Amendments
Decision ESRB/2011/1 is amended as follows:
1. |
Article 4 is amended as follows:
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2. |
Article 5 is amended as follows:
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3. |
in Article 10, paragraph 2 is replaced by the following: ‘2. The Steering Committee shall examine in advance items on the preliminary agenda for a General Board meeting together with the relevant documentation. The Steering Committee shall ensure the preparation of the dossiers for the General Board and, where appropriate, shall propose options or solutions. When planning the work and preparing the meeting agendas of the General Board, it shall be taken into account that those members who are participating pursuant to Article 4(7) may be asked not to participate on the General Board, where the situation of individual Union financial institutions or Member States is discussed. The Steering Committee shall report on an ongoing basis to the General Board on the development of the ESRB’s activities.’; |
4. |
Article 13 is amended as follows:
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5. |
Article 27 is amended as follows:
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Article 2
Entry into force
This Decision shall enter into force on 1 April 2017.
Done at Frankfurt am Main, 31 March 2017.
The Chair of the ESRB
Mario DRAGHI
(1) OJ L 331, 15.12.2010, p. 1.
(2) OJ L 331, 15.12.2010, p. 162.
(3) Council Decision (EU) 2016/1171 of 12 July 2016 on the position to be adopted, on behalf of the European Union, within the EEA Joint Committee concerning amendments to Annex IX (Financial Services) to the EEA Agreement (OJ L 193, 19.7.2016, p. 38).
(4) Decision of the EEA Joint Committee No 198/2016 of 30 September 2016 amending Annex IX (Financial services) to the EEA Agreement [2017/275] (OJ L 46, 23.2.2017, p. 1).
(5) Decision ESRB/2011/1 of the European Systemic Risk Board of 20 January 2011 adopting the Rules of Procedure of the European Systemic Risk Board (OJ C 58, 24.2.2011, p. 4).
V Announcements
PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY
European Commission
21.4.2017 |
EN |
Official Journal of the European Union |
C 124/6 |
Prior notification of a concentration
(Case M.8408 — Cinven/CPPIB/Travel Holdings Parent Corporation)
(Text with EEA relevance)
(2017/C 124/05)
1. |
On 10 April 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Fifth Cinven Fund, managed by Cinven Capital Management (V) General Partner Limited (‘Cinven’, United Kingdom) and the Canada Pension Plan Investment Board (‘CPPIB’, Canada) acquire within the meaning of Article 3(1)(b) of the Merger Regulation jont control over of the Travel Holdings Parent Corporation and its subsidiaries (‘the Target’ or ‘Tourico’). The Target will subsequently be merged with Hotelbeds Travel Company, Inc., a wholly owned subsidiary of Hotelbeds US Holdco, Inc., the latter being jointly controlled by Cinven and CPPIB. |
2. |
The business activities of the undertakings concerned are: — for Cinven: private equity firm engaged in the provision of investment management and investment advisory services to a number of investment funds, — for CPPIB: investment management organisation created by an Act of Parliament to invest the funds of the Canada Pension Plan, — for the Target: travel-related brokerage company, headquartered in Orlando, Florida. |
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. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8408 — Cinven/CPPIB/Travel Holdings Parent Corporation, to the following address:
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(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).
21.4.2017 |
EN |
Official Journal of the European Union |
C 124/7 |
Prior notification of a concentration
(Case M.8379 — SGID/Hellenic Republic/IPTO)
Candidate case for simplified procedure
(Text with EEA relevance)
(2017/C 124/06)
1. |
On 10 April 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the State Grid International Development Limited (‘SGID’, China) controlled by the State-owned Assets Supervision and Administration Commission of the State Council of the People’s Republic of China (‘Central SASAC’) and the Hellenic State, will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the Independent Power Transmission Operator S.A. (‘IPTO’, Greece) by way of a purchase of shares. |
2. |
The business activities of the undertakings concerned are:
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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 this 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. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8379 — SGID/Hellenic Republic/IPTO, to the following address:
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(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).
(2) OJ C 366, 14.12.2013, p. 5.
21.4.2017 |
EN |
Official Journal of the European Union |
C 124/8 |
Prior notification of a concentration
(Case M.8462 — KKR/CDPQ/USI Insurance Services)
Candidate case for simplified procedure
(Text with EEA relevance)
(2017/C 124/07)
1. |
On 11 April 2017, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking KKR & Co. L.P. (‘KKR’, United States) and Caisse de depot et placement du Quebec (‘CDPQ’, Canada) will acquire within the meaning of Article 3(1)(b) of the Merger Regulation indirect joint control over USI Insurance Services (‘USI’ or ‘Target’, United States). |
2. |
The business activities of the undertakings concerned are:
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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 this 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. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8462 — KKR/CDPQ/USI Insurance Services, to the following address:
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(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).
(2) OJ C 366, 14.12.2013, p. 5.