Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 12.04.2019  
C(2019 ) 3014 final  
 
 
 
 
To the notifying party:  
Subject : Case M.9290 – SOFTBANK GROUP / ALTAMIRA  
Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) 
No 139/20041 and Article 57 of the Agreement on the European Economic Area2  
Dear Sir or Madam,  
1. On 21 March  2019 , the European Commission received notification of a proposed 
conc entration pursuant to Article 4  of the Merger  Regulation by which  the undertaking  
doBank,  S.p.A. (‘doBank’, Italy) , solely controlled by the SoftBank Group Corp. 
(‘SoftBank Group’, Japan)  acquire s within the meaning of Article 3(1)(b) of the Merger 
Regulation sole control over the whole of the undertaking Altamira Asset Management 
S.A. (‘Altam ira’, Spain), solely controlled by funds managed by Apollo Management, L.P. 
(‘Apollo’ , United States)  by way of purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 for the SoftBank Group : global portfolio of subsidiaries and affiliates involved in 
advanced telecomm unications, internet services, I nternet of Things, robotics and clean 
energy technology and, through doBank, management of all the phases of the life -
cycle of any type of loan through specialised modular and customis ed services, 
including the outsourced management of performing and non -performing loans.  
 for Altamira : management of non -performing assets, including non -performing loans 
of all types (e.g. secured, unsecured, corporates, small and medium enterprises, 
individual, consumer finance, leasing) and management of real estate owned assets of 
various categories (e.g. residential, tertiary, development, land, commercial), for 
financial institutions, institutional investors and ‘bad bank’ owning non -performing 
assets or real estate assets.  
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the 'Merger Regulation '). With effect from 1 December 2009,  the Treaty on the 
Functioning of the European Union ( 'TFEU ') has introduced certain changes, such as the replacement of 
'Community ' by 'Union ' and 'common market ' by 'internal market '. The terminology of the TFEU will be used 
throughout this decision.  
2  OJ L 1, 3.1.1994, p . 3 (the 'EEA Agreement '). 
3  Publication in the Official Journal of the European Union No C 117, 29.03.2019 , p. 12. 
PUBLIC VERSION  
2 3. After examination of the notification, the European Commission has concluded that the 
notified operation falls within the scope of the Merger  Regulation  and of paragraph 5 (c) of 
the Commission Notice on a simplified procedure fo r treatment of certain concentrations 
under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European Commission 
has decided not to oppose the notified operation and to declare it compatible with th e 
internal market and with the EEA Agreement. This decision is adopted in application of 
Article 6(1)(b) of the Merger  Regulation  and Article 57 of the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Johannes LAITENBERGER  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .