# C_2011344EN.01001301.xml

| 24.11.2011 | EN | Official Journal of the European Union | C 344/13 |
| ---------- | -- | -------------------------------------- | -------- |

---

Prior notification of a concentration

(Case COMP/M.6436 — Volkswagen Financial Services/D'Ieteren/Volkswagen D'Ieteren Finance JV)

(Text with EEA relevance)

2011/C 344/10

| 1. | On 16 November 2011, 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 Volkswagen Financial Services AG (‘VWFS’, Germany) and SA D'Ieteren N.V. (‘D'Ieteren’, Belgium), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Volkswagen D’Ieteren Finance SA (‘VDFin’, Belgium) 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 VWFS: coordination of financial services activities of Volkswagen AG worldwide and provision of financial services relating to the distribution and financing of motor vehicles of Volkswagen group brands, —
for D'Ieteren: distribution of Volkswagen, Audi, Skoda, Seat, Porsche, Bentley, Lamborghini, Bugatti and Yamaha vehicles, supply of spare parts and provision of after-sales services for the same brands in Belgium; sale of used vehicles, provision of long-term rental services, financial leasing services and vehicle glass repair and replacement services, —
for VDFin: operating and financial leasing activities, and retail and dealer finance activities in Belgium, including credit protection insurance. | — | for VWFS: coordination of financial services activities of Volkswagen AG worldwide and provision of financial services relating to the distribution and financing of motor vehicles of Volkswagen group brands, | — | for D'Ieteren: distribution of Volkswagen, Audi, Skoda, Seat, Porsche, Bentley, Lamborghini, Bugatti and Yamaha vehicles, supply of spare parts and provision of after-sales services for the same brands in Belgium; sale of used vehicles, provision of long-term rental services, financial leasing services and vehicle glass repair and replacement services, | — | for VDFin: operating and financial leasing activities, and retail and dealer finance activities in Belgium, including credit protection insurance. |
| -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | - | -------------------------------------------------------------------------------------------------------------------------------------------------- |
| — | for VWFS: coordination of financial services activities of Volkswagen AG worldwide and provision of financial services relating to the distribution and financing of motor vehicles of Volkswagen group brands, | | | | | | |
| — | for D'Ieteren: distribution of Volkswagen, Audi, Skoda, Seat, Porsche, Bentley, Lamborghini, Bugatti and Yamaha vehicles, supply of spare parts and provision of after-sales services for the same brands in Belgium; sale of used vehicles, provision of long-term rental services, financial leasing services and vehicle glass repair and replacement services, | | | | | | |
| — | for VDFin: operating and financial leasing activities, and retail and dealer finance activities in Belgium, including credit protection insurance. | | | | | | |

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope the EC 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 e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number COMP/M.6436 — Volkswagen Financial Services/D'Ieteren/Volkswagen D'Ieteren Finance JV, to the following address:
European Commission Directorate-General for Competition Merger Registry J-70 1049 Bruxelles/Brussel BELGIQUE/BELGIË | European Commission | Directorate-General for Competition | Merger Registry | J-70 | 1049 Bruxelles/Brussel | BELGIQUE/BELGIË |
| ----------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------- | ----------------------------------- | --------------- | ---- | ---------------------- | --------------- |
| European Commission | | | | | | | |
| Directorate-General for Competition | | | | | | | |
| Merger Registry | | | | | | | |
| J-70 | | | | | | | |
| 1049 Bruxelles/Brussel | | | | | | | |
| BELGIQUE/BELGIË | | | | | | | |

---

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

---