# Official Journal C 222/2017

| | ISSN 1977-091X |
| --- | --- |
| Official Journal
  of the European Union | C 222 |
| | |
| English edition | Information and Notices | Volume 6011 July 2017 |

ISSN 1977-091X

Official Journal

of the European Union

C 222

English edition

Information and Notices

Volume 6011 July 2017

---

| Notice No | Contents | page |
| --- | --- | --- |
| | II   Information |
| | INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2017/C 222/01 | Non-opposition to a notified concentration (Case M.8519 — Santander/SAM) (
  1
  ) | 1 |
| 2017/C 222/02 | Non-opposition to a notified concentration (Case M.8273 — Standard/Braas Monier) (
  1
  ) | 1 |
| 2017/C 222/03 | Non-opposition to a notified concentration (Case M.8507 — GENUI/Summit/Sycamore/Market Logic Software) (
  1
  ) | 2 |
| 2017/C 222/04 | Non-opposition to a notified concentration (Case M.8314 — Broadcom/Brocade) (
  1
  ) | 2 |
| 2017/C 222/05 | Decision to take resolution action in respect of Banco Popular Español, S.A. | 3 |

Notice No

Contents

page

II   Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2017/C 222/01

Non-opposition to a notified concentration (Case M.8519 — Santander/SAM) (
  1
  )

1

1

2017/C 222/02

Non-opposition to a notified concentration (Case M.8273 — Standard/Braas Monier) (
  1
  )

1

1

2017/C 222/03

Non-opposition to a notified concentration (Case M.8507 — GENUI/Summit/Sycamore/Market Logic Software) (
  1
  )

1

2

2017/C 222/04

Non-opposition to a notified concentration (Case M.8314 — Broadcom/Brocade) (
  1
  )

1

2

2017/C 222/05

Decision to take resolution action in respect of Banco Popular Español, S.A.

3

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| | IV   Notices |
| --- | --- |
| | NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2017/C 222/06 | Euro exchange rates | 4 |
| 2017/C 222/07 | Commission notice on current State aid recovery interest rates and reference/discount rates for 28 Member States applicable as from 1 August 2017(Published in accordance with Article 10 of Commission Regulation (EC) No 794/2004 of 21 April 2004 ( OJ L 140, 30.4.2004, p. 1 )) | 5 |

IV   Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2017/C 222/06

Euro exchange rates

4

2017/C 222/07

Commission notice on current State aid recovery interest rates and reference/discount rates for 28 Member States applicable as from 1 August 2017(Published in accordance with Article 10 of Commission Regulation (EC) No 794/2004 of 21 April 2004 ( OJ L 140, 30.4.2004, p. 1 ))

(Published in accordance with Article 10 of Commission Regulation (EC) No 794/2004 of 21 April 2004 ( OJ L 140, 30.4.2004, p. 1 ))

5

---

| | V   Announcements |
| --- | --- |
| | PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY |
| | European Commission |
| 2017/C 222/08 | Prior notification of a concentration (Case M.8084 — Bayer/Monsanto) (
  1
  ) | 6 |
| 2017/C 222/09 | Prior notification of a concentration (Case M.8509 — LVMH/Marcolin/JV) — Candidate case for simplified procedure (
  1
  ) | 7 |

V   Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

2017/C 222/08

Prior notification of a concentration (Case M.8084 — Bayer/Monsanto) (
  1
  )

1

6

2017/C 222/09

Prior notification of a concentration (Case M.8509 — LVMH/Marcolin/JV) — Candidate case for simplified procedure (
  1
  )

1

7

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| | |
| --- | --- |
| | (1)   Text with EEA relevance. |

---

(1)   Text with EEA relevance.

1

| EN | |
| --- | --- |

EN

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II Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 11.7.2017 | EN | Official Journal of the European Union | C 222/1 |
| --- | --- | --- | --- |

11.7.2017

EN

Official Journal of the European Union

C 222/1

---

Non-opposition to a notified concentration

(Case M.8519 — Santander/SAM)

(Text with EEA relevance)

(2017/C 222/01)

On 3 July 2017, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8519. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8519. EUR-Lex is the online access to European law.

---

(1)  OJ L 24, 29.1.2004, p. 1.

---

| 11.7.2017 | EN | Official Journal of the European Union | C 222/1 |
| --- | --- | --- | --- |

11.7.2017

EN

Official Journal of the European Union

C 222/1

---

Non-opposition to a notified concentration

(Case M.8273 — Standard/Braas Monier)

(Text with EEA relevance)

(2017/C 222/02)

On 27 March 2017, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8273. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8273. EUR-Lex is the online access to European law.

---

(1)  OJ L 24, 29.1.2004, p. 1.

---

| 11.7.2017 | EN | Official Journal of the European Union | C 222/2 |
| --- | --- | --- | --- |

11.7.2017

EN

Official Journal of the European Union

C 222/2

---

Non-opposition to a notified concentration

(Case M.8507 — GENUI/Summit/Sycamore/Market Logic Software)

(Text with EEA relevance)

(2017/C 222/03)

On 3 July 2017, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8507. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8507. EUR-Lex is the online access to European law.

---

(1)  OJ L 24, 29.1.2004, p. 1.

---

| 11.7.2017 | EN | Official Journal of the European Union | C 222/2 |
| --- | --- | --- | --- |

11.7.2017

EN

Official Journal of the European Union

C 222/2

---

Non-opposition to a notified concentration

(Case M.8314 — Broadcom/Brocade)

(Text with EEA relevance)

(2017/C 222/04)

On 12 May 2017, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) in conjunction with Article 6(2) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8314. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32017M8314. EUR-Lex is the online access to European law.

---

(1)  OJ L 24, 29.1.2004, p. 1.

---

| 11.7.2017 | EN | Official Journal of the European Union | C 222/3 |
| --- | --- | --- | --- |

11.7.2017

EN

Official Journal of the European Union

C 222/3

---

Decision to take resolution action in respect of Banco Popular Español, S.A.

(2017/C 222/05)

On 7 June 2017, the Single Resolution Board decided to adopt a resolution scheme in respect of Banco Popular Español, S.A. This decision is based on Article 18 of Regulation (EU) No 806/2014 (1). The main elements of this decision are as follows:

| Date of adoption of the decision: | 7 June 2017 |
| --- | --- |
| Decision No: | SRB/EES/2017/08 |
| Addressee: | FROB |
| Institution under resolution: | Banco Popular Español, S.A. |
| Application of the write-down and conversion of capital instruments power: | Yes |
| Resolution tool: | Sale of Business tool |
| Purchaser: | Banco Santander, S.A. |
| Fund aid: | No |

Date of adoption of the decision:

7 June 2017

Decision No:

SRB/EES/2017/08

Addressee:

FROB

Institution under resolution:

Banco Popular Español, S.A.

Application of the write-down and conversion of capital instruments power:

Yes

Resolution tool:

Sale of Business tool

Purchaser:

Banco Santander, S.A.

Fund aid:

No

More information about this decision can be found on the SRB’s official website: https://srb.europa.eu/en/content/banco-popular

---

(1)  OJ L 225, 30.7.2014, p. 1.

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IV Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 11.7.2017 | EN | Official Journal of the European Union | C 222/4 |
| --- | --- | --- | --- |

11.7.2017

EN

Official Journal of the European Union

C 222/4

---

Euro exchange rates (1)

10 July 2017

(2017/C 222/06)

1 euro =

| | Currency | Exchange rate |
| --- | --- | --- |
| USD | US dollar | 1,1387 |
| JPY | Japanese yen | 129,98 |
| DKK | Danish krone | 7,4366 |
| GBP | Pound sterling | 0,88443 |
| SEK | Swedish krona | 9,6175 |
| CHF | Swiss franc | 1,1007 |
| ISK | Iceland króna | |
| NOK | Norwegian krone | 9,5165 |
| BGN | Bulgarian lev | 1,9558 |
| CZK | Czech koruna | 26,096 |
| HUF | Hungarian forint | 307,99 |
| PLN | Polish zloty | 4,2340 |
| RON | Romanian leu | 4,5698 |
| TRY | Turkish lira | 4,1122 |
| AUD | Australian dollar | 1,4999 |
| CAD | Canadian dollar | 1,4703 |
| HKD | Hong Kong dollar | 8,8973 |
| NZD | New Zealand dollar | 1,5663 |
| SGD | Singapore dollar | 1,5783 |
| KRW | South Korean won | 1 309,36 |
| ZAR | South African rand | 15,2130 |
| CNY | Chinese yuan renminbi | 7,7484 |
| HRK | Croatian kuna | 7,4043 |
| IDR | Indonesian rupiah | 15 257,44 |
| MYR | Malaysian ringgit | 4,8900 |
| PHP | Philippine peso | 57,930 |
| RUB | Russian rouble | 68,8648 |
| THB | Thai baht | 38,852 |
| BRL | Brazilian real | 3,7292 |
| MXN | Mexican peso | 20,4881 |
| INR | Indian rupee | 73,4405 |

Currency

Exchange rate

USD

US dollar

1,1387

JPY

Japanese yen

129,98

DKK

Danish krone

7,4366

GBP

Pound sterling

0,88443

SEK

Swedish krona

9,6175

CHF

Swiss franc

1,1007

ISK

Iceland króna

NOK

Norwegian krone

9,5165

BGN

Bulgarian lev

1,9558

CZK

Czech koruna

26,096

HUF

Hungarian forint

307,99

PLN

Polish zloty

4,2340

RON

Romanian leu

4,5698

TRY

Turkish lira

4,1122

AUD

Australian dollar

1,4999

CAD

Canadian dollar

1,4703

HKD

Hong Kong dollar

8,8973

NZD

New Zealand dollar

1,5663

SGD

Singapore dollar

1,5783

KRW

South Korean won

1 309,36

ZAR

South African rand

15,2130

CNY

Chinese yuan renminbi

7,7484

HRK

Croatian kuna

7,4043

IDR

Indonesian rupiah

15 257,44

MYR

Malaysian ringgit

4,8900

PHP

Philippine peso

57,930

RUB

Russian rouble

68,8648

THB

Thai baht

38,852

BRL

Brazilian real

3,7292

MXN

Mexican peso

20,4881

INR

Indian rupee

73,4405

---

(1)  Source: reference exchange rate published by the ECB.

---

| 11.7.2017 | EN | Official Journal of the European Union | C 222/5 |
| --- | --- | --- | --- |

11.7.2017

EN

Official Journal of the European Union

C 222/5

---

Commission notice on current State aid recovery interest rates and reference/discount rates for 28 Member States applicable as from 1 August 2017

(Published in accordance with Article 10 of Commission Regulation (EC) No 794/2004 of 21 April 2004 (OJ L 140, 30.4.2004, p. 1))

(2017/C 222/07)

Base rates calculated in accordance with the Communication from the Commission on the revision of the method for setting the reference and discount rates (OJ C 14, 19.1.2008, p. 6.). Depending on the use of the reference rate, the appropriate margins have still to be added as defined in this communication. For the discount rate this means that a margin of 100 basispoints has to be added. The Commission Regulation (EC) No 271/2008 of 30 January 2008 amending Regulation (EC) No 794/2004 foresees that, unless otherwise provided for in a specific decision, the recovery rate will also be calculated by adding 100 basispoints to the base rate.

Modified rates are indicated in bold.

Previous table published in OJ C 154, 17.5.2017, p. 27.

| From | To | AT | BE | BG | CY | CZ | DE | DK | EE | EL | ES | FI | FR | HR | HU | IE | IT | LT | LU | LV | MT | NL | PL | PT | RO | SE | SI | SK | UK |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1.8.2017 | ... | -0,13 | -0,13 | 0,76 | -0,13 | 0,45 | -0,13 | 0,12 | -0,13 | -0,13 | -0,13 | -0,13 | -0,13 | 0,59 | 0,30 | -0,13 | -0,13 | -0,13 | -0,13 | -0,13 | -0,13 | -0,13 | 1,83 | -0,13 | 1,10 | -0,36 | -0,13 | -0,13 | 0,78 |
| 1.6.2017 | 31.7.2017 | -0,10 | -0,10 | 0,76 | -0,10 | 0,45 | -0,10 | 0,12 | -0,10 | -0,10 | -0,10 | -0,10 | -0,10 | 0,70 | 0,37 | -0,10 | -0,10 | -0,10 | -0,10 | -0,10 | -0,10 | -0,10 | 1,83 | -0,10 | 1,10 | -0,36 | -0,10 | -0,10 | 0,78 |
| 1.5.2017 | 31.5.2017 | -0,10 | -0,10 | 0,76 | -0,10 | 0,45 | -0,10 | 0,12 | -0,10 | -0,10 | -0,10 | -0,10 | -0,10 | 0,70 | 0,44 | -0,10 | -0,10 | -0,10 | -0,10 | -0,10 | -0,10 | -0,10 | 1,83 | -0,10 | 1,10 | -0,36 | -0,10 | -0,10 | 0,78 |
| 1.4.2017 | 30.4.2017 | -0,08 | -0,08 | 0,76 | -0,08 | 0,45 | -0,08 | 0,16 | -0,08 | -0,08 | -0,08 | -0,08 | -0,08 | 0,83 | 0,44 | -0,08 | -0,08 | -0,08 | -0,08 | -0,08 | -0,08 | -0,08 | 1,83 | -0,08 | 1,10 | -0,36 | -0,08 | -0,08 | 0,78 |
| 1.3.2017 | 31.3.2017 | -0,08 | -0,08 | 0,76 | -0,08 | 0,45 | -0,08 | 0,16 | -0,08 | -0,08 | -0,08 | -0,08 | -0,08 | 1,05 | 0,53 | -0,08 | -0,08 | -0,08 | -0,08 | -0,08 | -0,08 | -0,08 | 1,83 | -0,08 | 1,10 | -0,36 | -0,08 | -0,08 | 0,78 |
| 1.1.2017 | 28.2.2017 | -0,07 | -0,07 | 0,76 | -0,07 | 0,45 | -0,07 | 0,16 | -0,07 | -0,07 | -0,07 | -0,07 | -0,07 | 1,05 | 0,75 | -0,07 | -0,07 | -0,07 | -0,07 | -0,07 | -0,07 | -0,07 | 1,83 | -0,07 | 1,10 | -0,36 | -0,07 | -0,07 | 0,78 |

From

To

AT

BE

BG

CY

CZ

DE

DK

EE

EL

ES

FI

FR

HR

HU

IE

IT

LT

LU

LV

MT

NL

PL

PT

RO

SE

SI

SK

UK

1.8.2017

...

-0,13

-0,13

0,76

-0,13

0,45

-0,13

0,12

-0,13

-0,13

-0,13

-0,13

-0,13

0,59

0,30

-0,13

-0,13

-0,13

-0,13

-0,13

-0,13

-0,13

1,83

-0,13

1,10

-0,36

-0,13

-0,13

0,78

1.6.2017

31.7.2017

-0,10

-0,10

0,76

-0,10

0,45

-0,10

0,12

-0,10

-0,10

-0,10

-0,10

-0,10

0,70

0,37

-0,10

-0,10

-0,10

-0,10

-0,10

-0,10

-0,10

1,83

-0,10

1,10

-0,36

-0,10

-0,10

0,78

1.5.2017

31.5.2017

-0,10

-0,10

0,76

-0,10

0,45

-0,10

0,12

-0,10

-0,10

-0,10

-0,10

-0,10

0,70

0,44

-0,10

-0,10

-0,10

-0,10

-0,10

-0,10

-0,10

1,83

-0,10

1,10

-0,36

-0,10

-0,10

0,78

1.4.2017

30.4.2017

-0,08

-0,08

0,76

-0,08

0,45

-0,08

0,16

-0,08

-0,08

-0,08

-0,08

-0,08

0,83

0,44

-0,08

-0,08

-0,08

-0,08

-0,08

-0,08

-0,08

1,83

-0,08

1,10

-0,36

-0,08

-0,08

0,78

1.3.2017

31.3.2017

-0,08

-0,08

0,76

-0,08

0,45

-0,08

0,16

-0,08

-0,08

-0,08

-0,08

-0,08

1,05

0,53

-0,08

-0,08

-0,08

-0,08

-0,08

-0,08

-0,08

1,83

-0,08

1,10

-0,36

-0,08

-0,08

0,78

1.1.2017

28.2.2017

-0,07

-0,07

0,76

-0,07

0,45

-0,07

0,16

-0,07

-0,07

-0,07

-0,07

-0,07

1,05

0,75

-0,07

-0,07

-0,07

-0,07

-0,07

-0,07

-0,07

1,83

-0,07

1,10

-0,36

-0,07

-0,07

0,78

---

V Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

| 11.7.2017 | EN | Official Journal of the European Union | C 222/6 |
| --- | --- | --- | --- |

11.7.2017

EN

Official Journal of the European Union

C 222/6

---

Prior notification of a concentration

(Case M.8084 — Bayer/Monsanto)

(Text with EEA relevance)

(2017/C 222/08)

| 1. | On 30 June 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Bayer Aktiengesellschaft (‘Bayer’, Germany) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Monsanto Corporation (‘Monsanto’, USA) by way of a purchase of shares. |
| --- | --- |

1.

On 30 June 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Bayer Aktiengesellschaft (‘Bayer’, Germany) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Monsanto Corporation (‘Monsanto’, USA) by way of a purchase of shares.

| 2. | The business activities of the undertakings concerned are:
  —   for Bayer: publicly-traded management holding company of the Bayer Group. The Bayer Group is a diversified international organisation active in four core business areas: pharmaceuticals, consumer health, agriculture and animal health,
  —   for Monsanto: publicly-traded US multinational agrochemical and agricultural biotechnology corporation. |
| --- | --- |

2.

The business activities of the undertakings concerned are:

—   for Bayer: publicly-traded management holding company of the Bayer Group. The Bayer Group is a diversified international organisation active in four core business areas: pharmaceuticals, consumer health, agriculture and animal health,

—   for Monsanto: publicly-traded US multinational agrochemical and agricultural biotechnology corporation.

| 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. |
| --- | --- |

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.

| 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.8084 — Bayer/Monsanto, to the following address:





  European Commission |
| --- | --- |
| 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.8084 — Bayer/Monsanto, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

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

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| 11.7.2017 | EN | Official Journal of the European Union | C 222/7 |
| --- | --- | --- | --- |

11.7.2017

EN

Official Journal of the European Union

C 222/7

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Prior notification of a concentration

(Case M.8509 — LVMH/Marcolin/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2017/C 222/09)

| 1. | On 30 June 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 LVMH-Moët Hennessy Louis Vuitton SE (‘LVMH’, France) controlled by Groupe Arnault SEDCS and Marcolin SpA (‘Marcolin’, Italy) controlled by PAI Partners S.A.S., acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Newco by way of purchase of shares in a newly created company constituting a joint venture. |
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1.

On 30 June 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 LVMH-Moët Hennessy Louis Vuitton SE (‘LVMH’, France) controlled by Groupe Arnault SEDCS and Marcolin SpA (‘Marcolin’, Italy) controlled by PAI Partners S.A.S., acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Newco by way of purchase of shares in a newly created company constituting a joint venture.

| 2. | The business activities of the undertakings concerned are:
  —   for LVMH: production and sale of luxury goods through a portfolio of over 60 luxury brands and over thousands points of sale worldwide,
  —   for Marcolin: manufacturing and wholesale distribution of eyewear, notably eyeglass frames and sunglasses,
  —   for NewCo: design, development, and manufacturing of eyewear products worldwide. |
| --- | --- |

2.

The business activities of the undertakings concerned are:

—   for LVMH: production and sale of luxury goods through a portfolio of over 60 luxury brands and over thousands points of sale worldwide,

—   for Marcolin: manufacturing and wholesale distribution of eyewear, notably eyeglass frames and sunglasses,

—   for NewCo: design, development, and manufacturing of eyewear products worldwide.

| 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.

| 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.8509 — LVMH/Marcolin/JV, to the following address:





  European Commission |
| --- | --- |
| 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.8509 — LVMH/Marcolin/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’).

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

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