do-me/EUR-LEX huggingface dataset:
Prior notification of a concentration (Case COMP/M.3892 — Bayerische Landesbank/Speed) — Candidate case for simplified procedure Text with EEA relevance
Date: 2005-09-13
Institutions: European Commission
Subjects: banking, economic concentration, exchange of information, holding company, merger control

13.9.2005

EN

Official Journal of the European Union

C 224/3

Prior notification of a concentration

(Case COMP/M.3892 — Bayerische Landesbank/Speed)

Candidate case for simplified procedure

(2005/C 224/03)

(Text with EEA relevance)

1.
On 5 September 2005, 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 Bayerische Landesbank
(‘BLB’, Germany) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the
whole of the undertaking Speed Investments Ltd. (‘SPEED’, Jersey) which in turn controls through the
undertaking SLEC Holdings Ltd.
(‘SLEC’, Jersey) a number of Formula One companies (‘Formula One
Group’), namely Formula One Asset Management Ltd (UK), Formula One World Championship Ltd. (UK),
Formula One Holding Ltd. (UK), Formula One Administration Ltd. (UK), Petara Ltd. (Jersey), Formula One
Management Ltd. (UK), Formula One Licensing BV (Netherlands), Formula One Productions Ltd. (UK),
Formula One World Travel Ltd. (UK), Mirren Holdings Ltd. (Bahamas), Formula 1.com Ltd. (UK), by way of
termination of a Memorandum of Cooperation between the shareholders BLB, J. P. Morgan Chase Bank
(‘JPM’, USA), Lehmann Commercial Paper Inc. (‘Lehmann Brothers’, USA).

2.

The business activities of the undertakings concerned are:

— BLB: Banking activities,

— SPEED: Holding company, which through SLEC owns the commercial rights in the Formula One Series.

On preliminary examination, the Commission finds that the notified transaction could fall within the
3.
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.

The Commission invites interested third parties to submit their possible observations on the proposed

4.
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 (No (32-2) 296 43 01 or 296 72 44) or by post,
under reference number COMP/M.3892 — Bayerische Landesbank/Speed, to the following address:

European Commission
Directorate-General for Competition
Merger Registry
J-70
B-1049 Brussels

(1) OJ L 24, 29.1.2004, p. 1.
(2) OJ C 56, 5.3.2005, p. 32.