# C_2016415EN.01000701.xml

| 11.11.2016 | EN | Official Journal of the European Union | C 415/7 |
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11.11.2016

EN

Official Journal of the European Union

C 415/7

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Prior notification of a concentration

(Case M.8241 — Nordic Capital/Nordnet/Group of individual investors)

Candidate case for simplified procedure

(Text with EEA relevance)

(2016/C 415/06)

| 1. | On 4 November 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Nordic Capital VIII Limited (‘Nordic Capital’, Jersey) and a group of individual investors acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Nordnet AB (publ) (‘Nordnet’, Sweden) by way of a public bid announced on 25 October 2016. |
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1.

On 4 November 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Nordic Capital VIII Limited (‘Nordic Capital’, Jersey) and a group of individual investors acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Nordnet AB (publ) (‘Nordnet’, Sweden) by way of a public bid announced on 25 October 2016.

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| 2. | The business activities of the undertakings concerned are:
  —   for Nordic Capital: private equity investment through funds currently controlling 27 portfolio companies active in a variety of economic sectors and mainly in Northern Europe,
  —   for Nordnet: banking services mainly within trading of financial instruments and securities, investments and savings, loans and pensions, active in Sweden, Norway, Denmark and Finland. |
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2.

The business activities of the undertakings concerned are:

—   for Nordic Capital: private equity investment through funds currently controlling 27 portfolio companies active in a variety of economic sectors and mainly in Northern Europe,

for Nordic Capital

—   for Nordnet: banking services mainly within trading of financial instruments and securities, investments and savings, loans and pensions, active in Sweden, Norway, Denmark and Finland.

for Nordnet

| 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 the 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. |
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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 the 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.

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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 (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8241 — Nordic Capital/Nordnet/Group of individual investors, 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 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.8241 — Nordic Capital/Nordnet/Group of individual investors, 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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