Prior notification of a concentration (Case COMP/M.5593 — Nordea/Vegagest/Norvega) — Candidate case for simplified procedure Text with EEA relevance
Date: 2009-08-01
Institutions: European Commission
Subjects: Baltic Sea, Northern Europe, bank, economic concentration, exchange of information, financial institution, financial services, insurance, investment, merger control








C_2009179EN.01000801.xml










1.8.2009   


EN


Official Journal of the European Union


C 179/8





Prior notification of a concentration
(Case COMP/M.5593 — Nordea/Vegagest/Norvega)
Candidate case for simplified procedure
(Text with EEA relevance)
2009/C 179/05






1.


On 27 July 2009, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Nordea Investment Funds S.A. (‘Nordea’, Luxembourg) controlled by Nordea Bank AB (‘Nordea Bank’, Sweden) and Vegagest SGR S.p.A. (‘Vegagest’, Italy) controlled by Società Cattolica di Assicurazione soc. coop. (‘Cattolica’, Italy), Cassa di Risparmio di Ferrara S.p.A. (‘CaRiFe’, Italy) and Cassa di Risparmio di San Miniato (‘CaRiSMi’, Italy) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of Systema Asset Management SGR S.p.A. (‘NorVega’, Italy) currently under the sole control of Vegagest by way of purchase of shares.










2.


The business activities of the undertakings concerned are:






—


for Nordea: asset management services,










—


for Nordea Bank: financial services group in the North-Europe and Baltic Sea area,










—


for Vegagest: asset management and institution and management of private equity funds,










—


for Cattolica: holding company of an Italian group active in the insurance sector,










—


for CaRife: holding company of an Italian group active in the banking and financial services,










—


for CaRiSMi: holding company of an Italian group active in the banking and financial services,










—


for NorVega: currently does not carry out any business activity.














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.










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 or 22967244) or by post, under reference number COMP/M.5593 — Nordea/Vegagest/Norvega, to the following address:





European Commission




Directorate-General for Competition




Merger Registry




J-70




1049 Bruxelles/Brussel




BELGIQUE/BELGIË










(1)  OJ L 24, 29.1.2004, p. 1.

(2)  OJ C 56, 5.3.2005, p. 32.