# m8745.docx

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EUROPEAN COMMISSION

Brussels, 19.1.2018

C(2018) 451 final

PUBLIC VERSION

To the notifying parties:

To the notifying parties:

Subject:Case M.8745 - CD&R / D'IETEREN / BELRON

  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
  1
  and Article 57 of the Agreement on the European Economic Area
  2

Subject

:

Case M.

8745 - CD&R / D'IETEREN / BELRON

Commission decision pursuant to Article 6(1

)(

b) of Council Regulation (EC)

No

139/2004

1

and Article 57 of the Agreement on the European Economic Area

2

Dear Sir or Madam,

Dear Sir or Madam,

1.On 19 December 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Clayton, Dubilier & Rice ("CD&R", USA) and SA D'Ieteren NV ("D'Ieteren", Belgium) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of Belron Group S.A. ("Belron", Luxembourg), controlled by D'Ieteren, by way of purchase of shares.
  3

1.

On

19 December 2017

,

the

European

Commission received notification of a proposed concentration pursuant to Article 4 of

the

Merger

Regulation by which

Clayton,

Dubilier

& Rice ("CD&R", USA

) and

SA

D'Ieteren

NV ("

D'Ieteren

", Belgium)

acquire within the meaning of Article 3(1)(b) and

3(4)

of the Merger Regulation

joint

control of the whole of

Belron

Group S.A. ("

Belron

", Luxembourg), controlled by

D'Ieteren

,

by way of

purchase of shares

.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

-for CD&R: CD&R is a private investment firm;

-

for

CD&R

:

CD&R is a private investment firm

;

-for D'Ieteren: D’Ieteren engages, through its subsidiaries, in automobile distribution, vehicle glass repair and replacement, and manufacturing of fabricated products;

-

for

D

'Ieteren

:

D’Ieteren

engages, through its subsidiaries, in automobile distribution, vehicle glass repair and replacement, and manufacturing of fabricated products

;

-for Belron: Belron is a vehicle glass repair and replacement services group, which in some countries also manages vehicle glass and other insurance claims for some insurers.

-

for

Belron

:

Belron

is a vehicle glass repair and replacement services group, which in some countries also manages vehicle glass and other insurance claims for some insurers

.

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.
  4

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

.

4

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 and Article 57 of the EEA Agreement.

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

and Article 57 of the EEA Agreement

.

For the Commission

For the Commission

(Signed)

  Johannes LAITENBERGER
  Director-General

(Signed)

Johannes LAITENBERGER

Director

-

General

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.

OJ C 366, 14.12.2013, p. 5.