# C_2005047EN.01001201.xml

| 23.2.2005 | EN | Official Journal of the European Union | C 47/12 |
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23.2.2005

EN

Official Journal of the European Union

C 47/12

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Prior notification of a concentration

(Case COMP/M.3511 — WIENER BÖRSE ET AL/BUDAPEST STOCK EXCHANGE/BUDAPEST COMMODITY EXCHANGE/KELER/JV)

(2005/C 47/06)

(Text with EEA relevance)

| 1. | On 15 February 2005, 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 Wiener Börse AG (‘WBAG’, Austria), Oesterreichische Kontrollbank Aktiengesellschaft (‘OeKB’, Austria), Raiffeisen Zentralbank Österreich AG (‘RZB’, Austria), Erste Bank der oesterreichischen Sparkassen AG (‘Erste’, Austria) and HVB Bank Hungary Rt (‘HVBH’, Hungary) belonging to the HVB Group (Germany), acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertakings Budapesti Értéktőzsde Rt. (Budapest Stock Exchange, ‘BSE’, Hungary), Budapesti Árutőzsde Rt. (Budapest Commodity Exchange, ‘BCE’, Hungary) and Központi Elszámolóház és Értékár Rt. (‘KELER’, Hungary) by way of purchase of shares and shareholders agreement. |
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1.

On 15 February 2005, 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 Wiener Börse AG (‘WBAG’, Austria), Oesterreichische Kontrollbank Aktiengesellschaft (‘OeKB’, Austria), Raiffeisen Zentralbank Österreich AG (‘RZB’, Austria), Erste Bank der oesterreichischen Sparkassen AG (‘Erste’, Austria) and HVB Bank Hungary Rt (‘HVBH’, Hungary) belonging to the HVB Group (Germany), acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertakings Budapesti Értéktőzsde Rt. (Budapest Stock Exchange, ‘BSE’, Hungary), Budapesti Árutőzsde Rt. (Budapest Commodity Exchange, ‘BCE’, Hungary) and Központi Elszámolóház és Értékár Rt. (‘KELER’, Hungary) by way of purchase of shares and shareholders agreement.

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






  — | for WBAG: stock exchange and general commodity exchange in Austria, |
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2.

The business activities of the undertakings concerned are:

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for WBAG: stock exchange and general commodity exchange in Austria,

| — | for OeKB: Austrian Central Securities Depositary, banking and financial services, |
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for OeKB: Austrian Central Securities Depositary, banking and financial services,

| — | for RZB, Erste and HVB: Austrian banks active in banking and financial services, |
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for RZB, Erste and HVB: Austrian banks active in banking and financial services,

| — | for BSE: stock exchange in Hungary, |
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for BSE: stock exchange in Hungary,

| — | for BCE: commodity exchange in Hungary, and |
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for BCE: commodity exchange in Hungary, and

| — | for KELER: Central Clearing House and Depositary for BSE. |
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for KELER: Central Clearing House and Depositary for BSE.

| 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. |
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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.

| 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.3511 — WIENER BÖRSE ET AL/BUDAPEST STOCK EXCHANGE/BUDAPEST COMMODITY EXCHANGE/KELER/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.3511 — WIENER BÖRSE ET AL/BUDAPEST STOCK EXCHANGE/BUDAPEST COMMODITY EXCHANGE/KELER/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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