# C_2014400EN.01001701.xml

| 13.11.2014 | EN | Official Journal of the European Union | C 400/17 |
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13.11.2014

EN

Official Journal of the European Union

C 400/17

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Prior notification of a concentration

(Case M.7369 — Santander/PSA/JVs)

(Text with EEA relevance)

2014/C 400/08

| 1. | On 5 November 2014, 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 Santander Consumer Finance, S.A., (‘SCF’, Spain), a fully-owned subsidiary of Banco Santander S.A (‘Santander’, Spain) and Banque PSA Finance S.A. (‘Banque PSA’, France), a wholly-owned subsidiary of Peugeot S.A. (‘Peugeot’, France), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of several newly created companies constituting joint ventures (‘JVs’) by way of purchase of shares. |
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1.

On 5 November 2014, 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 Santander Consumer Finance, S.A., (‘SCF’, Spain), a fully-owned subsidiary of Banco Santander S.A (‘Santander’, Spain) and Banque PSA Finance S.A. (‘Banque PSA’, France), a wholly-owned subsidiary of Peugeot S.A. (‘Peugeot’, France), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of several newly created companies constituting joint ventures (‘JVs’) by way of purchase of shares.

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






  — | SCF is the consumer finance arm of the Santander Group, a Spanish-based financial services group active in several EU Member States, |
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2.

The business activities of the undertakings concerned are:

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SCF is the consumer finance arm of the Santander Group, a Spanish-based financial services group active in several EU Member States,

| — | Banque PSA offers loans and leases related to motor vehicles, |
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Banque PSA offers loans and leases related to motor vehicles,

| — | JVs will offer automotive financing solutions, e.g. loans and leases, as well as related services, such as insurance. |
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JVs will offer automotive financing solutions, e.g. loans and leases, as well as related services, such as insurance.

| 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. |
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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.

| 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 M.7369 — Santander/PSA/JVs, 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 M.7369 — Santander/PSA/JVs, 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’).

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