# C_2004207EN.01000601.xml

| 17.8.2004 | EN | Official Journal of the European Union | C 207/6 |
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17.8.2004

EN

Official Journal of the European Union

C 207/6

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Prior notification of a concentration

(Case No COMP/M.3532 — CVC/FP/HYNIX SYSTEM IC BUSINESS (JV))

Candidate case for simplified procedure

(2004/C 207/03)

(Text with EEA relevance)

| 1. | On 30 July 2004, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Citicorp Venture Capital (CVC, United States of America), controlled by Citigroup, Inc., and Francisco Partners (FP, United States of America) acquire, within the meaning of Article 3(1)(b) of the Regulation, control of the System IC Business of Hynix Semiconductor, Inc., of South Korea, by way of purchase of shares. |
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1.

On 30 July 2004, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Citicorp Venture Capital (CVC, United States of America), controlled by Citigroup, Inc., and Francisco Partners (FP, United States of America) acquire, within the meaning of Article 3(1)(b) of the Regulation, control of the System IC Business of Hynix Semiconductor, Inc., of South Korea, by way of purchase of shares.

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






  — | for CVC: venture capital fund, |
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2.

The business activities of the undertakings concerned are:

—

for CVC: venture capital fund,

| — | for Citigroup: financial services, |
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for Citigroup: financial services,

| — | for FP: venture capital fund, |
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for FP: venture capital fund,

| — | for System IC Business: non-memory semiconductors. |
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for System IC Business: non-memory semiconductors.

| 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 (EEC) No 4064/89 (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 (EEC) No 4064/89 (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 (No: (32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.3532 — Hynix System IC Business (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 (No: (32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.3532 — Hynix System IC Business (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 217, 29.7.2000, p. 32 (Council Regulation (EEC) No 4064/89 has been replaced by Regulation (EC) No 139/2004).

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