Prior notification of a concentration (Case COMP/M.5575 — Orbeo/Parts of OneCarbon) — Candidate case for simplified procedure Text with EEA relevance
Date: 2009-08-14
Institutions: European Commission
Subjects: chemical industry, economic concentration, exchange of information, financial institution, financial services, hairdressing and beauty care, investment bank, merger control, motor vehicle industry, reduction of gas emissions








C_2009191EN.01000501.xml










14.8.2009   


EN


Official Journal of the European Union


C 191/5





Prior notification of a concentration
(Case COMP/M.5575 — Orbeo/Parts of OneCarbon)
Candidate case for simplified procedure
(Text with EEA relevance)
2009/C 191/05






1.


On 4 August 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 undertaking Orbeo (France), a 50/50 joint venture controlled by Société Générale (France) and Rhodia (France), acquires, within the meaning of Article 3(1)(b) of the Council Regulation, control of parts of the undertaking OneCarbon International B.V. (OneCarbon, the Netherlands) by way of purchase of assets.










2.


The business activities of the undertakings concerned are:






—


for Société Générale: retail banking and financial services, global investment management and services, and corporate and investment banking,










—


for Rhodia: development and production of specialty chemicals for diversified markets, including automotive, electronics, flavours and fragrances, health, personal and home care, consumer goods and industrial,










—


for Orbeo: trading of carbon emission rights and especially of certified emission reduction (CER) and European Union allowance (EUA) instruments,










—


for OneCarbon: the business activities concerned by the transaction are Added Value Trading (AVT) and Carbon Credit Development (CCD). CCD activities consist in consultancy and assistance services to greenhouse gas emission reduction project developers. AVT activities consist in buying emission reduction credits issued by greenhouse gas emission reduction projects and selling related credits to trading partners.














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.5575 — Orbeo/Parts of OneCarbon, 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.