Document ID: 32014M7251
Language: ENG

Important legal notice
| 32014M7251
Commission Decision of 12/06/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7251 - BLACKSTONE / GATES) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)
|EUROPEAN COMMISSION |
Brussels, 12.6.2014
C(2014) 4036 final
SIMPLIFIED MERGER PROCEDURE PUBLIC VERSION
To the notifying party: | |
Dear Sirs,
Subject: Case M.7251 - BLACKSTONE / GATES Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 [1]
1. On 14.05.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the Blackstone Group L.P. ("Blackstone", the United States) acquires within the meaning of Article 3(1)(b) of the Merger Regulation indirect sole control of the whole of the undertaking Gates Worldwide Limited ("Gates", the United States) by way of purchase of shares.
2. The business activities of the undertakings concerned are:
- for Blackstone : global alternative asset manager and provider of financial advisory services,
- for Gates: provider of power transmission and fluid power solutions and services. [2]
3. After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004. [3]
4. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation.
For the Commission (signed) Alexander ITALIANER Director General
[1]OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by "internal market". The terminology of the TFEU will be used throughout this decision.
[2] Publication in the Official Journal of the European Union No C 154, 22.5.2014, p.17.
[3] OJ C 366, 14.12.2013, p. 5.