Prior notification of a concentration (Case COMP/M.6138 — Banque Privée 1818/Messine Participations/Rothschild Assurance et Courtage/Rothschild & CIE Gestion) — Candidate case for simplified procedure  Text with EEA relevance
Date: 2011-02-25
Institutions: European Commission
Subjects: company with share capital, economic concentration, exchange of information, investment, merger control, private bank








C_2011060EN.01002101.xml










25.2.2011   


EN


Official Journal of the European Union


C 60/21





Prior notification of a concentration
(Case COMP/M.6138 — Banque Privée 1818/Messine Participations/Rothschild Assurance et Courtage/Rothschild & CIE Gestion)
Candidate case for simplified procedure
(Text with EEA relevance)
2011/C 60/10






1.


On 16 February 2011 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 Banque Privée 1818 (controlled by the BPCE Group, France), Messine Participations, Rothschild Assurance et Courtage and Rothschild & Cie Gestion (controlled by Paris Orléans SA, France) acquire within the meaning of Article 3(1)(b) of the Merger Regulation, by way of purchase and contribution of shares, joint control of the undertaking Sélection R (France), to which the undertaking 1818 Partenaire will have previously been contributed by Banque Privée 1818.










2.


The business activities of the undertakings concerned are:






—


Banque Privée 1818: a private bank in the wealth management sector whose services include financial management, real estate and credit. The subsidiary 1818 Partenaire is the investment products platform that provides independent wealth management advice,










—


Messine Participations: a company set up by the Rothschild Group to receive the contribution of all or part of the shares held by Rothschild & Cie Gestion (asset management) and Rothschild Assurance et Courtage (insurance brokerage) in the company Sélection R,










—


Sélection R: distribution of investment products by independent wealth management advisers.














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.










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.6138 — Banque Privée 1818/Messine Participations/Rothschild Assurance et Courtage/Rothschild & CIE Gestion, 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 (the ‘Merger Regulation’).

(2)  OJ C 56, 5.3.2005, p. 32 (‘Notice on a simplified procedure’).