# Official Journal C 77/2018

| | ISSN 1977-091X |
| --- | --- |
| Official Journal
  of the European Union | C 77 |
| | |
| English edition | Information and Notices | Volume 611 March 2018 |

ISSN 1977-091X

Official Journal

of the European Union

C 77

English edition

Information and Notices

Volume 611 March 2018

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| Notice No | Contents | page |
| --- | --- | --- |
| | II   Information |
| | INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2018/C 77/01 | Non-opposition to a notified concentration (Case M.8803 — Michelin/Sumitomo/JV) (
  1
  ) | 1 |
| 2018/C 77/02 | Non-opposition to a notified concentration (Case M.8665 — Discovery/Scripps) (
  1
  ) | 1 |

Notice No

Contents

page

II   Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2018/C 77/01

Non-opposition to a notified concentration (Case M.8803 — Michelin/Sumitomo/JV) (
  1
  )

1

1

2018/C 77/02

Non-opposition to a notified concentration (Case M.8665 — Discovery/Scripps) (
  1
  )

1

1

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| | III   Preparatory acts |
| --- | --- |
| | European Central Bank |
| 2018/C 77/03 CON/2018/1 | Opinion of the European Central Bank of 2 January 2018 on a proposal for a regulation of the European Parliament and of the Council on European business statistics amending Regulation (EC) No 184/2005 and repealing 10 legal acts in the field of business statistics (CON/2018/1) | 2 |

III   Preparatory acts

European Central Bank

2018/C 77/03 CON/2018/1

Opinion of the European Central Bank of 2 January 2018 on a proposal for a regulation of the European Parliament and of the Council on European business statistics amending Regulation (EC) No 184/2005 and repealing 10 legal acts in the field of business statistics (CON/2018/1)

2

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| | IV   Notices |
| --- | --- |
| | NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2018/C 77/04 | Euro exchange rates | 5 |

IV   Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2018/C 77/04

Euro exchange rates

5

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| | V   Announcements |
| --- | --- |
| | PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY |
| | European Commission |
| 2018/C 77/05 | Prior notification of a concentration (Case M.8806 — Richemont/Yoox Net-a-Porter Group) — Candidate case for simplified procedure (
  1
  ) | 6 |
| 2018/C 77/06 | Prior notification of a concentration (Case M.8821 — Advent International/Circet Groupe) — Candidate case for simplified procedure (
  1
  ) | 8 |

V   Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

2018/C 77/05

Prior notification of a concentration (Case M.8806 — Richemont/Yoox Net-a-Porter Group) — Candidate case for simplified procedure (
  1
  )

1

6

2018/C 77/06

Prior notification of a concentration (Case M.8821 — Advent International/Circet Groupe) — Candidate case for simplified procedure (
  1
  )

1

8

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| | |
| --- | --- |
| | (1)   Text with EEA relevance. |

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(1)   Text with EEA relevance.

1

| EN | |
| --- | --- |

EN

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II Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 1.3.2018 | EN | Official Journal of the European Union | C 77/1 |
| --- | --- | --- | --- |

1.3.2018

EN

Official Journal of the European Union

C 77/1

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Non-opposition to a notified concentration

(Case M.8803 — Michelin/Sumitomo/JV)

(Text with EEA relevance)

(2018/C 77/01)

On 23 February 2018, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32018M8803. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32018M8803. EUR-Lex is the online access to European law.

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(1)  OJ L 24, 29.1.2004, p. 1.

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| 1.3.2018 | EN | Official Journal of the European Union | C 77/1 |
| --- | --- | --- | --- |

1.3.2018

EN

Official Journal of the European Union

C 77/1

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Non-opposition to a notified concentration

(Case M.8665 — Discovery/Scripps)

(Text with EEA relevance)

(2018/C 77/02)

On 6 February 2018, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) in conjunction with Article 6(2) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32018M8665. EUR-Lex is the online access to European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32018M8665. EUR-Lex is the online access to European law.

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(1)  OJ L 24, 29.1.2004, p. 1.

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III Preparatory acts

European Central Bank

| 1.3.2018 | EN | Official Journal of the European Union | C 77/2 |
| --- | --- | --- | --- |

1.3.2018

EN

Official Journal of the European Union

C 77/2

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OPINION OF THE EUROPEAN CENTRAL BANK

of 2 January 2018

on a proposal for a regulation of the European Parliament and of the Council on European business statistics amending Regulation (EC) No 184/2005 and repealing 10 legal acts in the field of business statistics

(CON/2018/1)

(2018/C 77/03)

Introduction and legal basis

On 24 March 2017, the European Central Bank (ECB) received a request from the Council of the European Union for an opinion on a proposal for a regulation of the European Parliament and of the Council on European business statistics, amending Regulation (EC) No 184/2005 and repealing 10 legal acts in the field of business statistics (1) (hereinafter the ‘proposed regulation’).

The ECB’s competence to deliver an opinion is based on Articles 127(4) and 282(5) of the Treaty on the Functioning of the European Union since the proposed regulation concerns the collection of balance of payments (BOP) statistics, which is a European System of Central Banks (ESCB) task in line with Article 5 of the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’) and Article 2 of Council Regulation (EC) No 2533/98 (2), relevant to the basic tasks of the ESCB to define and implement monetary policy, conduct foreign exchange operations and hold and manage the official foreign reserves of the Member States pursuant to the first, second and third indents of Article 127(2) of the Treaty. In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central Bank, the Governing Council has adopted this opinion.

1.   General observations

| 1.1. | The ECB welcomes the Commission’s aim of further improving the consistency, quality and harmonisation of European business statistics, in particular by providing fit-for-purpose statistics to formulate and monitor Union policies that affect businesses, while keeping the reporting burden on these businesses to a minimum. |
| --- | --- |

1.1.

The ECB welcomes the Commission’s aim of further improving the consistency, quality and harmonisation of European business statistics, in particular by providing fit-for-purpose statistics to formulate and monitor Union policies that affect businesses, while keeping the reporting burden on these businesses to a minimum.

| 1.2. | The envisaged response to outstanding data requirements is also very much welcome. The ECB is pleased to note the proposed improvements, in the overall availability of information for the services sector in the context of ‘short-term statistics’, particularly as the frequency of the provision of such data is to increase from a quarterly to a monthly basis. This improvement reflects the increased relevance of services industries, which now account for more than two thirds of euro area gross domestic product. It also responds well to the ECB’s requirements (3), which have been expressed over recent years, and to the conclusions of the Economic and Financial Affairs Council (4). |
| --- | --- |

1.2.

The envisaged response to outstanding data requirements is also very much welcome. The ECB is pleased to note the proposed improvements, in the overall availability of information for the services sector in the context of ‘short-term statistics’, particularly as the frequency of the provision of such data is to increase from a quarterly to a monthly basis. This improvement reflects the increased relevance of services industries, which now account for more than two thirds of euro area gross domestic product. It also responds well to the ECB’s requirements (3), which have been expressed over recent years, and to the conclusions of the Economic and Financial Affairs Council (4).

| 1.3. | The ECB proposes that Recommendation ESRB/2016/14 of the European Systemic Risk Board (5), which concerns the closure of real estate data gaps, should be reflected in the construction data required and their breakdowns. In particular, data on construction starts and completions as well as vacancy rates should be considered for inclusion in the proposed regulation. |
| --- | --- |

1.3.

The ECB proposes that Recommendation ESRB/2016/14 of the European Systemic Risk Board (5), which concerns the closure of real estate data gaps, should be reflected in the construction data required and their breakdowns. In particular, data on construction starts and completions as well as vacancy rates should be considered for inclusion in the proposed regulation.

| 1.4. | Article 2 of Regulation (EC) No 2533/98 allocates to the ECB, assisted by the national central banks (NCBs), the task of collecting information on, inter alia, BOP and international investment position (IIP) statistics, either from the competent national authorities or directly from economic agents. The ECB’s statistical reporting requirements are set out in Guideline ECB/2011/23 of the European Central Bank (6). |
| --- | --- |

1.4.

Article 2 of Regulation (EC) No 2533/98 allocates to the ECB, assisted by the national central banks (NCBs), the task of collecting information on, inter alia, BOP and international investment position (IIP) statistics, either from the competent national authorities or directly from economic agents. The ECB’s statistical reporting requirements are set out in Guideline ECB/2011/23 of the European Central Bank (6).

| 1.5. | BOP and IIP statistics are crucial for the performance of the ESCB’s basic tasks under the Treaty of defining and implementing the monetary policy of the Union, conducting foreign exchange operations, and holding and managing the official foreign reserves of the Member States. They also support the assessment of external vulnerabilities and interconnectedness for financial stability purposes and are used in the indicators of the ‘risk dashboard’ of the European Systemic Risk Board (ESRB) pursuant to the ESRB tasks under Article 3 of Regulation (EU) No 1092/2010 of the European Parliament and of the Council (7) and of the ‘scoreboard’ of the macroeconomic imbalances procedure pursuant to Article 4 of Regulation (EU) No 1176/2011 of the European Parliament and of the Council (8). BOP and IIP statistics are part of the ‘Special Data Dissemination Standard Plus’ of the International Monetary Fund (IMF) and are required for the ‘Article IV consultations’ undertaken by the euro area and the euro area Member States under Article IV of the Articles of Agreement of the International Monetary Fund. |
| --- | --- |

1.5.

BOP and IIP statistics are crucial for the performance of the ESCB’s basic tasks under the Treaty of defining and implementing the monetary policy of the Union, conducting foreign exchange operations, and holding and managing the official foreign reserves of the Member States. They also support the assessment of external vulnerabilities and interconnectedness for financial stability purposes and are used in the indicators of the ‘risk dashboard’ of the European Systemic Risk Board (ESRB) pursuant to the ESRB tasks under Article 3 of Regulation (EU) No 1092/2010 of the European Parliament and of the Council (7) and of the ‘scoreboard’ of the macroeconomic imbalances procedure pursuant to Article 4 of Regulation (EU) No 1176/2011 of the European Parliament and of the Council (8). BOP and IIP statistics are part of the ‘Special Data Dissemination Standard Plus’ of the International Monetary Fund (IMF) and are required for the ‘Article IV consultations’ undertaken by the euro area and the euro area Member States under Article IV of the Articles of Agreement of the International Monetary Fund.

| 1.6. | The ECB notes that some of the requirements to be included in the proposed regulation, in particular quarterly international trade in services (ITS) statistics, are currently defined in Table 2 of Annex I to Regulation (EC) No 184/2005 of the European Parliament and of the Council (9) and that identical requirements are defined in Table 2 of Annex II to Guideline ECB/2011/23. It is in the interest of the overall quality of European BOP and IIP statistics produced by the European Statistical System (ESS) and the ESCB that such consistency is preserved. It is also of the utmost importance that BOP and IIP statistics remain internally coherent and comprehensive. |
| --- | --- |

1.6.

The ECB notes that some of the requirements to be included in the proposed regulation, in particular quarterly international trade in services (ITS) statistics, are currently defined in Table 2 of Annex I to Regulation (EC) No 184/2005 of the European Parliament and of the Council (9) and that identical requirements are defined in Table 2 of Annex II to Guideline ECB/2011/23. It is in the interest of the overall quality of European BOP and IIP statistics produced by the European Statistical System (ESS) and the ESCB that such consistency is preserved. It is also of the utmost importance that BOP and IIP statistics remain internally coherent and comprehensive.

| 1.7. | Moreover, as these requirements are partly satisfied at national level by data collection initiatives developed by NCBs, the ECB very much welcomes Article 23 of the proposed regulation and the role assigned to the Committee on Monetary, Financial and Balance of Payments Statistics established by Council Decision 2006/856/EC (10). More generally, close cooperation between the ESCB and the ESS must be ensured when defining, amending or updating such requirements, as well as all other business statistics requirements (e.g. to address data needs in the field of ‘globalisation’) that would directly or indirectly affect the compilation of BOP and IIP statistics. |
| --- | --- |

1.7.

Moreover, as these requirements are partly satisfied at national level by data collection initiatives developed by NCBs, the ECB very much welcomes Article 23 of the proposed regulation and the role assigned to the Committee on Monetary, Financial and Balance of Payments Statistics established by Council Decision 2006/856/EC (10). More generally, close cooperation between the ESCB and the ESS must be ensured when defining, amending or updating such requirements, as well as all other business statistics requirements (e.g. to address data needs in the field of ‘globalisation’) that would directly or indirectly affect the compilation of BOP and IIP statistics.

| 1.8. | Implementing powers for the precise definition of the data requirements
  Article 7 of the proposed regulation empowers the Commission to adopt implementing acts for the purpose of further specifying certain elements of the data to be transmitted. These include fundamental methodological aspects, such as the definition of the relevant statistical unit and other applicable statistical classifications. In this context, from the perspective of both users and compilers of statistics, it will be important to ensure coherence between the ITS requirements defined in the proposed regulation and those defined in Regulation (EC) No 184/2005. Hence, the ECB wishes to highlight the importance of methodological closeness and coherence between the two data sets. |
| --- | --- |

1.8.

Article 7 of the proposed regulation empowers the Commission to adopt implementing acts for the purpose of further specifying certain elements of the data to be transmitted. These include fundamental methodological aspects, such as the definition of the relevant statistical unit and other applicable statistical classifications. In this context, from the perspective of both users and compilers of statistics, it will be important to ensure coherence between the ITS requirements defined in the proposed regulation and those defined in Regulation (EC) No 184/2005. Hence, the ECB wishes to highlight the importance of methodological closeness and coherence between the two data sets.

| 1.9. | Finally, the ECB wishes to stress the importance of the ECB being consulted on all delegated and implementing legal acts that fall in its field of competence, and in a timely manner, pursuant to Article 127(4) first indent and Article 282(5) of the Treaty on the Functioning of the European Union (11). |
| --- | --- |

1.9.

Finally, the ECB wishes to stress the importance of the ECB being consulted on all delegated and implementing legal acts that fall in its field of competence, and in a timely manner, pursuant to Article 127(4) first indent and Article 282(5) of the Treaty on the Functioning of the European Union (11).

2.   Technical observations and drafting proposals

Where the ECB recommends that the proposed regulation is amended, specific drafting proposals are set out in a separate technical working document accompanied by an explanatory text to this effect. The technical working document is available in English on the ECB’s website.

Done at Frankfurt am Main, 2 January 2018.

The President of the ECB

Mario DRAGHI

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(1)  COM (2017) 114, final. The measures set out in the proposed regulation are intended to replace those contained in the 10 legal acts to be repealed, which are listed in recital 36 of the proposed regulation.

1

(2)  Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank (OJ L 318, 27.11.1998, p. 8).

2

(3)  Review of the requirements in the field of General Economic Statistics, European Central Bank, 2004, available on the ECB’s website at www.ecb.europa.eu

3

(4)  ECOFIN Council Conclusions on EU Statistics, 2972nd Council meeting, Economic and Financial Affairs, Brussels, 10 November 2009, available at www.consilium.europa.eu

4

(5)  Recommendation ESRB/2016/14 of the European Systemic Risk Board of 31 October 2016 on closing real estate data gaps (OJ C 31, 31.1.2017, p. 1).

5

(6)  Guideline ECB/2011/23 of the European Central Bank of 9 December 2011 on the statistical reporting requirements of the European Central Bank in the field of external statistics (OJ L 65, 3.3.2012, p. 1).

6

(7)  Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board (OJ L 331, 15.12.2010, p. 1).

7

(8)  Regulation (EU) No 1176/2011 of the European Parliament and of the Council of 16 November 2011 on the prevention and correction of macroeconomic imbalances (OJ L 306, 23.11.2011, p. 25).

8

(9)  Regulation (EC) No 184/2005 of the European Parliament and of the Council of 12 January 2005 on Community statistics concerning balance of payments, international trade in services and foreign direct investment (OJ L 35, 8.2.2005, p. 23).

9

(10)  Council Decision 2006/856/EC of 13 November 2006 establishing a Committee on monetary, financial and balance of payments statistics (OJ L 332, 30.11.2006, p. 21).

10

(11)  See further, e.g. para. 4 of ECB Opinion CON/2012/5 (OJ C 105, 11.4.2012, p. 1); para. 8 of ECB Opinion CON/2011/44 (OJ C 203, 9.7.2011, p. 3); and para. 4 of ECB Opinion CON/2011/42 (OJ C 159, 28.5.2011, p. 10).

11

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IV Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 1.3.2018 | EN | Official Journal of the European Union | C 77/5 |
| --- | --- | --- | --- |

1.3.2018

EN

Official Journal of the European Union

C 77/5

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Euro exchange rates (1)

28 February 2018

(2018/C 77/04)

1 euro =

| | Currency | Exchange rate |
| --- | --- | --- |
| USD | US dollar | 1,2214 |
| JPY | Japanese yen | 130,72 |
| DKK | Danish krone | 7,4465 |
| GBP | Pound sterling | 0,88415 |
| SEK | Swedish krona | 10,0923 |
| CHF | Swiss franc | 1,1520 |
| ISK | Iceland króna | 123,70 |
| NOK | Norwegian krone | 9,6153 |
| BGN | Bulgarian lev | 1,9558 |
| CZK | Czech koruna | 25,418 |
| HUF | Hungarian forint | 313,93 |
| PLN | Polish zloty | 4,1781 |
| RON | Romanian leu | 4,6630 |
| TRY | Turkish lira | 4,6451 |
| AUD | Australian dollar | 1,5637 |
| CAD | Canadian dollar | 1,5608 |
| HKD | Hong Kong dollar | 9,5595 |
| NZD | New Zealand dollar | 1,6905 |
| SGD | Singapore dollar | 1,6162 |
| KRW | South Korean won | 1 320,25 |
| ZAR | South African rand | 14,3677 |
| CNY | Chinese yuan renminbi | 7,7285 |
| HRK | Croatian kuna | 7,4505 |
| IDR | Indonesian rupiah | 16 793,03 |
| MYR | Malaysian ringgit | 4,7930 |
| PHP | Philippine peso | 63,641 |
| RUB | Russian rouble | 68,7540 |
| THB | Thai baht | 38,389 |
| BRL | Brazilian real | 3,9615 |
| MXN | Mexican peso | 22,9437 |
| INR | Indian rupee | 79,6230 |

Currency

Exchange rate

USD

US dollar

1,2214

JPY

Japanese yen

130,72

DKK

Danish krone

7,4465

GBP

Pound sterling

0,88415

SEK

Swedish krona

10,0923

CHF

Swiss franc

1,1520

ISK

Iceland króna

123,70

NOK

Norwegian krone

9,6153

BGN

Bulgarian lev

1,9558

CZK

Czech koruna

25,418

HUF

Hungarian forint

313,93

PLN

Polish zloty

4,1781

RON

Romanian leu

4,6630

TRY

Turkish lira

4,6451

AUD

Australian dollar

1,5637

CAD

Canadian dollar

1,5608

HKD

Hong Kong dollar

9,5595

NZD

New Zealand dollar

1,6905

SGD

Singapore dollar

1,6162

KRW

South Korean won

1 320,25

ZAR

South African rand

14,3677

CNY

Chinese yuan renminbi

7,7285

HRK

Croatian kuna

7,4505

IDR

Indonesian rupiah

16 793,03

MYR

Malaysian ringgit

4,7930

PHP

Philippine peso

63,641

RUB

Russian rouble

68,7540

THB

Thai baht

38,389

BRL

Brazilian real

3,9615

MXN

Mexican peso

22,9437

INR

Indian rupee

79,6230

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(1)  Source: reference exchange rate published by the ECB.

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V Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

| 1.3.2018 | EN | Official Journal of the European Union | C 77/6 |
| --- | --- | --- | --- |

1.3.2018

EN

Official Journal of the European Union

C 77/6

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Prior notification of a concentration

(Case M.8806 — Richemont/Yoox Net-a-Porter Group)

Candidate case for simplified procedure

(Text with EEA relevance)

(2018/C 77/05)

| 1. | On 23 February 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
  This notification concerns the following undertakings:






  — | Compagnie financière Richemont SA (‘Richemont’, Switzerland), |
| --- | --- | --- |

1.

On 23 February 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—

Compagnie financière Richemont SA (‘Richemont’, Switzerland),

| — | RLG Italia Holding SpA (‘Bidco’, Italy), controlled by Richemont, and |
| --- | --- |

—

RLG Italia Holding SpA (‘Bidco’, Italy), controlled by Richemont, and

| — | Yoox Net-a-Porter Group SpA (‘YNAP’, Italy). |
| --- | --- |

—

Yoox Net-a-Porter Group SpA (‘YNAP’, Italy).

Richemont (through Bidco) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of YNAP.

The concentration is accomplished by way of public bid announced on 22 January 2018.

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






  — | Richemont is a Swiss-based holding company for a range of luxury consumer goods and businesses. Through its various Maisons, Richemont is active in the design, production and distribution of luxury goods, |
| --- | --- | --- |

2.

The business activities of the undertakings concerned are:

—

Richemont is a Swiss-based holding company for a range of luxury consumer goods and businesses. Through its various Maisons, Richemont is active in the design, production and distribution of luxury goods,

| — | YNAP is an Italian-based online retailer of luxury consumer goods, listed on the Mercato Telematico Azionario managed by Borsa Italiana SpA, the Milan stock exchange. |
| --- | --- |

—

YNAP is an Italian-based online retailer of luxury consumer goods, listed on the Mercato Telematico Azionario managed by Borsa Italiana SpA, the Milan stock exchange.

| 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 the 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 the Notice. |
| --- | --- |

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 the 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 the Notice.

| 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. The following reference should always be specified:
  M.8806 — Richemont/Yoox Net-a-Porter Group
  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 |

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. The following reference should always be specified:

M.8806 — Richemont/Yoox Net-a-Porter Group

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

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

(2)  OJ C 366, 14.12.2013, p. 5.

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| 1.3.2018 | EN | Official Journal of the European Union | C 77/8 |
| --- | --- | --- | --- |

1.3.2018

EN

Official Journal of the European Union

C 77/8

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Prior notification of a concentration

(Case M.8821 — Advent International/Circet Groupe)

Candidate case for simplified procedure

(Text with EEA relevance)

(2018/C 77/06)

| 1. | On 22 February 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Advent International Corporation (‘Advent’, USA) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control over Circet Groupe (‘Circet’, France), by way of purchase of shares. |
| --- | --- |

1.

On 22 February 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Advent International Corporation (‘Advent’, USA) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control over Circet Groupe (‘Circet’, France), by way of purchase of shares.

| 2. | The business activities of the undertakings concerned are:
  —   for Advent: US-based private equity investor sponsoring funds that invest globally,
  —   for Circet: mid-sized French company operating in telecommunications infrastructures services as well as in the distribution of mobile telephony products and service, through its affiliate Circet Réseaux. |
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2.

The business activities of the undertakings concerned are:

—   for Advent: US-based private equity investor sponsoring funds that invest globally,

—   for Circet: mid-sized French company operating in telecommunications infrastructures services as well as in the distribution of mobile telephony products and service, through its affiliate Circet Réseaux.

| 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 the 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 the 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.

| 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.8821 — Advent International/Circet Groupe to the following address:





  European Commission |
| --- | --- |
| 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.8821 — Advent International/Circet Groupe 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’).

(2)  OJ C 366, 14.12.2013, p. 5.

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