# C_2009133EN.01001801.xml

| 12.6.2009 | EN | Official Journal of the European Union | C 133/18 |
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12.6.2009

EN

Official Journal of the European Union

C 133/18

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Prior notification of a concentration

(Case COMP/M.5517 — BNPPIP/CAAM/FUND CHANNEL)

Candidate case for simplified procedure

(Text with EEA relevance)

2009/C 133/14

| 1. | On 8 June 2009 the Commission received a notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of Council Regulation (EC) No 139/2004 (1), by which the undertakings BNP Paribas Investment Partners S.A (‘BNPPIP’, France), belonging to the BNP Paribas Group (‘BNPP’, France) and Crédit Agricole Asset Management Luxembourg S.A. (‘CAAM’, France), belonging to the Crédit Agricole Group (‘GCA’, France), acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Fund Channel (‘Fund Channel’, Luxembourg), previously owned exclusively by CAAM, by way of purchase of shares. |
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1.

On 8 June 2009 the Commission received a notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of Council Regulation (EC) No 139/2004 (1), by which the undertakings BNP Paribas Investment Partners S.A (‘BNPPIP’, France), belonging to the BNP Paribas Group (‘BNPP’, France) and Crédit Agricole Asset Management Luxembourg S.A. (‘CAAM’, France), belonging to the Crédit Agricole Group (‘GCA’, France), acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Fund Channel (‘Fund Channel’, Luxembourg), previously owned exclusively by CAAM, by way of purchase of shares.

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






  — | BNPPIP: asset management, |
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2.

The business activities of the undertakings concerned are:

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BNPPIP: asset management,

| — | BNPP: multinational banking and financial services group operating in 85 countries, |
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BNPP: multinational banking and financial services group operating in 85 countries,

| — | CAAM: asset management, |
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CAAM: asset management,

| — | GCA: multinational banking and financial services group operating in 66 countries, |
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GCA: multinational banking and financial services group operating in 66 countries,

| — | Fund Channel: logistic platform for the distribution of UCITS products. |
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Fund Channel: logistic platform for the distribution of UCITS products.

| 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. 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 the Notice. |
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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. 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 the 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 2 2964301 or 2967244) or by post, under reference number COMP/M.5517 — BNPPIP/CAAM/FUND CHANNEL, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| J-70 |
| 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 2 2964301 or 2967244) or by post, under reference number COMP/M.5517 — BNPPIP/CAAM/FUND CHANNEL, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

J-70

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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

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(2)  OJ C 56, 5.3.2005, p. 32.

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