# C_2023072EN.01005201.xml

| 28.2.2023 | EN | Official Journal of the European Union | C 72/52 |
| --- | --- | --- | --- |

28.2.2023

EN

Official Journal of the European Union

C 72/52

---

Prior notification of a concentration

(Case M.11053 – GROUP CREDIT AGRICOLE / MICHELIN / WATEA)

Candidate case for simplified procedure

(Text with EEA relevance)

(2023/C 72/11)

1.

This notification concerns the following undertakings:

| — | Crédit Agricole Leasing & Factoring (‘CAL&F’, France), controlled by Group Crédit Agricole (‘GCA’, France), |
| --- | --- |

—

Crédit Agricole Leasing & Factoring (‘CAL&F’, France), controlled by Group Crédit Agricole (‘GCA’, France),

| — | Compagnie Financière Michelin (‘CFM’, France), controlled by Compagnie Générale des Etablissements Michelin (‘Michelin’, France), |
| --- | --- |

—

Compagnie Financière Michelin (‘CFM’, France), controlled by Compagnie Générale des Etablissements Michelin (‘Michelin’, France),

| — | Watèa (France), controlled by Michelin. |
| --- | --- |

—

Watèa (France), controlled by Michelin.

GCA, through CAL&F, and Michelin, through CFM, will acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of Watèa.

The concentration is accomplished by way of purchase of shares.

2.

| — | GCA is a mutual group offering a wide range of banking and insurance-related services globally and also offers rental financing solutions through its subsidiary CAL&F active in France, Belgium, the Netherlands, Germany, Poland, Italy, Morocco, Spain and Portugal, |
| --- | --- |

—

GCA is a mutual group offering a wide range of banking and insurance-related services globally and also offers rental financing solutions through its subsidiary CAL&F active in France, Belgium, the Netherlands, Germany, Poland, Italy, Morocco, Spain and Portugal,

| — | Michelin manufactures and distributes tires for automotive and other industries globally, |
| --- | --- |

—

Michelin manufactures and distributes tires for automotive and other industries globally,

| — | Watèa is a company created by Michelin in 2021 offering fleet leasing and fleet management services in France with the aim to support large groups and SMEs in the energy transition of their commercial vehicle fleets towards greener mobility. |
| --- | --- |

—

Watèa is a company created by Michelin in 2021 offering fleet leasing and fleet management services in France with the aim to support large groups and SMEs in the energy transition of their commercial vehicle fleets towards greener mobility.

3.

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.

4.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.11053 – GROUP CREDIT AGRICOLE / MICHELIN / WATEA

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 |

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’).

1

(2)  OJ C 366, 14.12.2013, p. 5.

2

---