# C_2010211EN.01001301.xml

| 4.8.2010 | EN | Official Journal of the European Union | C 211/13 |
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4.8.2010

EN

Official Journal of the European Union

C 211/13

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Prior notification of a concentration

(Case COMP/M.5931 — Banco Santander/German Retail Banking Business of SEB)

Candidate case for simplified procedure

(Text with EEA relevance)

2010/C 211/10

| 1. | On 27 July 2010, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Santander Consumer Bank AG (‘SCB’, Germany), controlled by Banco Santander S.A. (‘BS’, Spain), acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the German retail banking business (‘GRB Business’, Germany) of SEB AG, a wholly owned subsidiary of Skandinaviska Enskilda Banken AB. |
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1.

On 27 July 2010, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Santander Consumer Bank AG (‘SCB’, Germany), controlled by Banco Santander S.A. (‘BS’, Spain), acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the German retail banking business (‘GRB Business’, Germany) of SEB AG, a wholly owned subsidiary of Skandinaviska Enskilda Banken AB.

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






  — | for BS: retail banking, asset management, corporate and investment banking, treasury and insurance, |
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2.

The business activities of the undertakings concerned are:

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for BS: retail banking, asset management, corporate and investment banking, treasury and insurance,

| — | for GRB Business: retail banking in Germany, in particular accounts, deposits, securities and insurance. |
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for GRB Business: retail banking in Germany, in particular accounts, deposits, securities and insurance.

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the EC 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 EC Merger Regulation (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 the EC 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 EC Merger Regulation (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 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number COMP/M.5931 — Banco Santander/German Retail Banking Business of SEB AG, 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 email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number COMP/M.5931 — Banco Santander/German Retail Banking Business of SEB AG, 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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(2)  OJ C 56, 5.3.2005, p. 32 (‘Notice on a simplified procedure’).

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