# C_2006290EN.01002701.xml

| 29.11.2006 | EN | Official Journal of the European Union | C 290/27 |
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29.11.2006

EN

Official Journal of the European Union

C 290/27

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Prior notification of a concentration

(Case COMP/M.4376 — Dresdner Bank/Gazprombank/JV)

Candidate case for simplified procedure

(2006/C 290/07)

(Text with EEA relevance)

| 1. | On 22 November 2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Dresdner Bank AG (‘Dresdner Bank’, Germany), part of the group Allianz, (‘Allianz’, Germany), and the Joint-Stock Bank of the Gas Industry (‘Gazprombank’, Russia), part of the group Gazprom, (‘Gazprom’, Russia) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Carbon Trade & Finance S.A (‘CTF’, Luxembourg) by way of purchase of shares in a newly created company constituting a joint venture. |
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1.

On 22 November 2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Dresdner Bank AG (‘Dresdner Bank’, Germany), part of the group Allianz, (‘Allianz’, Germany), and the Joint-Stock Bank of the Gas Industry (‘Gazprombank’, Russia), part of the group Gazprom, (‘Gazprom’, Russia) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Carbon Trade & Finance S.A (‘CTF’, Luxembourg) by way of purchase of shares in a newly created company constituting a joint venture.

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| 2. | The business activities of the undertakings concerned are:






  — | for Dresdner Bank: full range of banking and financial services, including the trading of EU CO2 emission credits, |
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2.

The business activities of the undertakings concerned are:

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for Dresdner Bank: full range of banking and financial services, including the trading of EU CO2 emission credits,

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| — | for Gazprombank: full range of banking and financial services, |
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for Gazprombank: full range of banking and financial services,

| — | for CTF: Investment in primary projects generating Kyoto CO2 emission credits and repackaging such credits for trading at a secondary market level. |
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for CTF: Investment in primary projects generating Kyoto CO2 emission credits and repackaging such credits for trading at a secondary market level.

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| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. 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. |
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3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. 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.

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| 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 (fax No (32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.4376 — Dresdner Bank/Gazprombank/JV, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| J-70 |
| B-1049 Bruxelles/Brussel |

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 (fax No (32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.4376 — Dresdner Bank/Gazprombank/JV, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

J-70

B-1049 Bruxelles/Brussel

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(1)  OJ L 24, 29.1.2004, p. 1.

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(2)  OJ C 56, 5.3.2005, p. 32.

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