# C_2016297EN.01001101.xml

| 17.8.2016 | EN | Official Journal of the European Union | C 297/11 |
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17.8.2016

EN

Official Journal of the European Union

C 297/11

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Prior notification of a concentration

(Case M.8135 — Cerberus/GE Money Bank/SOREFI/SOMAFI-SOGUAFI/GE Financement Pacifique)

Candidate case for simplified procedure

(Text with EEA relevance)

(2016/C 297/10)

| 1. | On 9 August 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Cerberus Group (‘Cerberus’) acquires, within the meaning of Article 3(1)(b) of the Merger Regulation, sole control over GE Money Bank (‘GEMB’), SOREFI SCA (‘SOREFI’), SOMAFI-SOGUAFI (‘SOMAFI-SOGUAFI’) and GE Financement Pacifique SAS (‘GEFP’) (collectively referred to as the ‘Target Companies’) from General Electric Capital SAS (‘GE Capital’) by way of purchase of shares. |
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1.

On 9 August 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Cerberus Group (‘Cerberus’) acquires, within the meaning of Article 3(1)(b) of the Merger Regulation, sole control over GE Money Bank (‘GEMB’), SOREFI SCA (‘SOREFI’), SOMAFI-SOGUAFI (‘SOMAFI-SOGUAFI’) and GE Financement Pacifique SAS (‘GEFP’) (collectively referred to as the ‘Target Companies’) from General Electric Capital SAS (‘GE Capital’) by way of purchase of shares.

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






  — | Cerberus is a private investment firm based in New York active globally with offices across the United States of America, Europe and Asia. It is recognised by the US Securities and Exchange Commission and manages funds and accounts on behalf of investors. Cerberus invests in all sorts of securities and assets, private equity, middle market lending and real estate. |
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2.

The business activities of the undertakings concerned are:

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Cerberus is a private investment firm based in New York active globally with offices across the United States of America, Europe and Asia. It is recognised by the US Securities and Exchange Commission and manages funds and accounts on behalf of investors. Cerberus invests in all sorts of securities and assets, private equity, middle market lending and real estate.

| — | The Target Companies provide banking services, leasing and insurance services to consumers and small and medium-sized enterprises. They operate in Mainland France and the French overseas territories. |
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The Target Companies provide banking services, leasing and insurance services to consumers and small and medium-sized enterprises. They operate in Mainland France and the French overseas territories.

| 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 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 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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| 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.8135 — Cerberus/GE Money Bank/SOREFI/SOMAFI-SOGUAFI/GE Financement Pacifique, 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 M.8135 — Cerberus/GE Money Bank/SOREFI/SOMAFI-SOGUAFI/GE Financement Pacifique, 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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(2)  OJ C 366, 14.12.2013, p. 5.

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