# C_2017094EN.01001501.xml

| 25.3.2017 | EN | Official Journal of the European Union | C 94/15 |
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25.3.2017

EN

Official Journal of the European Union

C 94/15

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Prior notification of a concentration

(Case M.8389 — Groupe Crédit Mutuel/BNP Paribas/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 94/09)

| 1. | On 15 March 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 Banque Fédérative du Crédit Mutuel (‘Crédit Mutuel’, France) and BNP Paribas S.A. (‘BNP Paribas’, France) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertakings Fivory SA (‘Fivory SA’), Fivory SAS (‘Fivory SAS’, France) and Retail Mobile Wallet (‘RMW’, France). Fivory SA, Fivory SAS and RMW are collectively referred to as ‘JV’. |
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1.

On 15 March 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 Banque Fédérative du Crédit Mutuel (‘Crédit Mutuel’, France) and BNP Paribas S.A. (‘BNP Paribas’, France) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertakings Fivory SA (‘Fivory SA’), Fivory SAS (‘Fivory SAS’, France) and Retail Mobile Wallet (‘RMW’, France). Fivory SA, Fivory SAS and RMW are collectively referred to as ‘JV’.

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| 2. | The business activities of the undertakings concerned are:
  —   for Crédit Mutuel: provision of banking and financial services, mainly in France,
  —   for BNP Paribas: provision of banking and financial services worldwide,
  —   for JV: retail provision of mobile wallet services permitting payments, the use of loyalty schemes and vouchers, advertising intermediation and sales promotion services, and data supply services in relation to the use of the mobile wallet, in France. |
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2.

The business activities of the undertakings concerned are:

—   for Crédit Mutuel: provision of banking and financial services, mainly in France,

for Crédit Mutuel

—   for BNP Paribas: provision of banking and financial services worldwide,

for BNP Paribas

—   for JV: retail provision of mobile wallet services permitting payments, the use of loyalty schemes and vouchers, advertising intermediation and sales promotion services, and data supply services in relation to the use of the mobile wallet, in France.

for JV

| 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 the Notice. |
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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 the Notice.

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| 4. | The Commission invites interested third parties to submit to it their observations on the proposed operation.
  Observations must reach the Commission no later than 10 days following the date of publication of this notice. 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.8389 — Groupe Crédit Mutuel/BNP Paribas/JV, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

4.

The Commission invites interested third parties to submit to it their observations on the proposed operation.

Observations must reach the Commission no later than 10 days following the date of publication of this notice. 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.8389 — Groupe Crédit Mutuel/BNP Paribas/JV, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

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

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