Prior notification of a concentration (Case COMP/M.6961 — Goldman Sachs/Gávea Investimentos/JV) — Candidate case for simplified procedure  Text with EEA relevance
Date: 2013-07-06
Institutions: European Commission
Subjects: Latin America, bank, economic concentration, financial services, investment company, merger control, radio telecommunications








C_2013195EN.01001401.xml










6.7.2013   


EN


Official Journal of the European Union


C 195/14





Prior notification of a concentration
(Case COMP/M.6961 — Goldman Sachs/Gávea Investimentos/JV)
Candidate case for simplified procedure
(Text with EEA relevance)
2013/C 195/07






1.


On 24 June 2013, 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 The Goldman Sachs Group, Inc. (‘Goldman Sachs’, USA) and Gávea Investimentos Ltda (‘Gávea Investimentos’, Brazil), indirectly controlled by JP Morgan (USA), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control over Cell Sites Solutions ‘Cessão de Infraestrutura SA’ (‘Cell Sites Solutions’, Brazil) by way of purchase of shares.










2.


The business activities of the undertakings concerned are:






—


Goldman Sachs is a global investment banking, securities and investment management firm active in the provision of financial services,










—


Gávea Investimentos is an investment management firm with a focus on private equity, hedge funds, equity funds, and real estate funds,










—


JP Morgan is a financial holding company active in a wide range of business segments including investment banking, retail financial services, card services and commercial banking, treasury & security services, asset management and corporate/private equity,










—


Cell Sites Solutions is a recently formed corporation which will be active in the acquisition, construction and hosting of wireless telecommunication sites in Latin America.














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.6961 — Goldman Sachs/Gávea Investimentos/JV, to the following address:





European Commission




Directorate-General for Competition




Merger Registry




Place Madou/Madouplein 1




1210 Bruxelles/Brussel




BELGIQUE/BELGIË










(1)  OJ L 24, 29.1.2004, p. 1 (the ‘EC Merger Regulation’).

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