# C_2013312EN.01002401.xml

| 26.10.2013 | EN | Official Journal of the European Union | C 312/24 |
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26.10.2013

EN

Official Journal of the European Union

C 312/24

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Prior notification of a concentration

(Case COMP/M.7051 — Goldman Sachs/Hastings Insurance Group)

Candidate case for simplified procedure

(Text with EEA relevance)

2013/C 312/13

| 1. | On 21 October 2013, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Goldman Sachs Group, Inc. (‘Goldman Sachs’, USA) acquires indirectly within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of the undertaking Hastings Insurance Group Limited (‘HIG’, Jersey) by way of purchase of shares. |
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1.

On 21 October 2013, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Goldman Sachs Group, Inc. (‘Goldman Sachs’, USA) acquires indirectly within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of the undertaking Hastings Insurance Group Limited (‘HIG’, Jersey) by way of purchase of shares.

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| 2. | The business activities of the undertakings concerned are:






  — | Goldman Sachs is a global investment banking, securities and investment management firm, |
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2.

The business activities of the undertakings concerned are:

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Goldman Sachs is a global investment banking, securities and investment management firm,

| — | HIG is a non-life insurance provider active in the UK. |
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HIG is a non-life insurance provider active in the UK.

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the EC 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 EC Merger Regulation (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 EC 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 EC Merger Regulation (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 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number COMP/M.7051 — Goldman Sachs/Hastings Insurance Group, 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 number COMP/M.7051 — Goldman Sachs/Hastings Insurance Group, 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 ‘EC Merger Regulation’).

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(2)  OJ C 56, 5.3.2005, p. 32 (‘Notice on a simplified procedure’).

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