# C_2008017EN.01001801.xml

| 24.1.2008 | EN | Official Journal of the European Union | C 17/18 |
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24.1.2008

EN

Official Journal of the European Union

C 17/18

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Prior notification of a concentration

(Case COMP/M.4937 — Bank Sarasin & CIE/AIG Private Bank/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2008/C 17/13)

| 1. | On 15 January 2008, 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 Bank Sarasin & CIE AG (‘BSC’, Switzerland) ultimately controlled by Rabobank Group and AIG Private Bank Ltd (‘AIGPB’, Switzerland) ultimately controlled by American International Group, Inc. acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking FBS Bank AG (working name — final name not known yet) (‘FBS’, Switzerland) by way of purchase of shares in a newly created company constituting a joint venture. |
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1.

On 15 January 2008, 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 Bank Sarasin & CIE AG (‘BSC’, Switzerland) ultimately controlled by Rabobank Group and AIG Private Bank Ltd (‘AIGPB’, Switzerland) ultimately controlled by American International Group, Inc. acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking FBS Bank AG (working name — final name not known yet) (‘FBS’, Switzerland) 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 BSC: private banking, institutional banking, personal banking, intermediary banking, financial planning, wealth management, asset management, |
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2.

The business activities of the undertakings concerned are:

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for BSC: private banking, institutional banking, personal banking, intermediary banking, financial planning, wealth management, asset management,

| — | for AIGPB: private banking, asset management, client fund business and general banking services. |
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for AIGPB: private banking, asset management, client fund business and general banking services.

| 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 ((32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.4937 — Bank Sarasin & CIE/AIG Private Bank/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 ((32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.4937 — Bank Sarasin & CIE/AIG Private Bank/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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