# C_2010077EN.01000301.xml

| 26.3.2010 | EN | Official Journal of the European Union | C 77/3 |
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26.3.2010

EN

Official Journal of the European Union

C 77/3

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Prior notification of a concentration

(Case COMP/M.5797 — State Street Corporation/Intesa Sanpaolo Servizi Transazionali/Sanpaolo Bank)

(Text with EEA relevance)

2010/C 77/03

| 1. | On 19 March 2010, the Commission received a notification of a proposed concentration pursuant to Article 4 of the EC Merger Regulation (1), by which State Street Corporation, (‘STT’, USA) will acquire from Banca Intesa Sanpaolo S.p.A. sole control within the meaning of Article 3(1)(b) of the Regulation of Intesa Sanpaolo Servizi Transazionali S.p.A. (Italy) and Sanpaolo Bank S.A. (Luxembourg), by way of purchase of shares. |
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1.

On 19 March 2010, the Commission received a notification of a proposed concentration pursuant to Article 4 of the EC Merger Regulation (1), by which State Street Corporation, (‘STT’, USA) will acquire from Banca Intesa Sanpaolo S.p.A. sole control within the meaning of Article 3(1)(b) of the Regulation of Intesa Sanpaolo Servizi Transazionali S.p.A. (Italy) and Sanpaolo Bank S.A. (Luxembourg), by way of purchase of shares.

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






  — | for the STT group: the provision of a full range of securities services to institutional and individual investors worldwide, |
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2.

The business activities of the undertakings concerned are:

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for the STT group: the provision of a full range of securities services to institutional and individual investors worldwide,

| — | for Intesa San Paolo Servizi Trasnazionali S.p.A. and Sanpaolo Bank S.A.: global custody and fund administration services to institutional and, to a lesser extent, individual clients located in Italy and in Luxembourg. |
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for Intesa San Paolo Servizi Trasnazionali S.p.A. and Sanpaolo Bank S.A.: global custody and fund administration services to institutional and, to a lesser extent, individual clients located in Italy and in Luxembourg.

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope the EC 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 the EC 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 e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number COMP/M.5797 — State Street Corporation/Intesa Sanpaolo Servizi Transazionali/Sanpaolo Bank, 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 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number COMP/M.5797 — State Street Corporation/Intesa Sanpaolo Servizi Transazionali/Sanpaolo Bank, 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 (the ‘EC Merger Regulation’).

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