# C_2019181EN.01000601.xml

| 27.5.2019 | EN | Official Journal of the European Union | C 181/6 |
| --- | --- | --- | --- |

27.5.2019

EN

Official Journal of the European Union

C 181/6

---

Prior notification of a concentration

(Case M.8934 — Danske Bank/DNB/Nordea Bank/SEB/Svenska Handelsbanken/Swedbank/KYC Utility)

(Text with EEA relevance)

(2019/C 181/03)

1.

This notification concerns the following undertakings:

| — | Danske Bank A/S (‘Danske Bank’, Denmark), |
| --- | --- |

—

Danske Bank A/S (‘Danske Bank’, Denmark),

| — | DNB Bank ASA (‘DNB’, Norway), |
| --- | --- |

—

DNB Bank ASA (‘DNB’, Norway),

| — | Nordea Bank Abp (‘Nordea’, Sweden), |
| --- | --- |

—

Nordea Bank Abp (‘Nordea’, Sweden),

| — | Skandinaviska Enskilda Banken AB (‘SEB’, Sweden), |
| --- | --- |

—

Skandinaviska Enskilda Banken AB (‘SEB’, Sweden),

| — | Svenska Handelsbanken AB (‘Svenska Handelsbanken’, Sweden), |
| --- | --- |

—

Svenska Handelsbanken AB (‘Svenska Handelsbanken’, Sweden),

| — | Swedbank AB (‘Swedbank’, Sweden). |
| --- | --- |

—

Swedbank AB (‘Swedbank’, Sweden).

The proposed concentration consist of the acquisition of joint control, within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation, by Danske Bank, DNB, Nordea, SEB, Svenska Handelsbanken, and Swedbank over a newly created joint venture (‘KYC Utility’).

The concentration is accomplished by way of purchase of shares.

2.

| — | Danske Bank, DNB, Nordea, SEB, Svenska Handelsbanken, and Swedbank are banking groups based in the Nordics, |
| --- | --- |

—

Danske Bank, DNB, Nordea, SEB, Svenska Handelsbanken, and Swedbank are banking groups based in the Nordics,

| — | KYC Utility will be active in the Nordic region offering Know Your Customer (‘KYC’) services consisting in gathering, validating, and providing to customers, such as banks and financial institutions, the information required under the applicable anti-money laundering and counter-terrorist financing regulations, with the view of facilitating compliance with these regulations. |
| --- | --- |

—

KYC Utility will be active in the Nordic region offering Know Your Customer (‘KYC’) services consisting in gathering, validating, and providing to customers, such as banks and financial institutions, the information required under the applicable anti-money laundering and counter-terrorist financing regulations, with the view of facilitating compliance with these regulations.

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.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.8934 — Danske Bank/DNB/Nordea Bank/SEB/Svenska Handelsbanken/Swedbank/KYC Utility

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

| Email: COMP-MERGER-REGISTRY@ec.europa.eu |
| --- |
| Fax +32 22964301 |
| Postal address: |
| European Commission |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

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

1

---