Prior notification of a concentration (Case M.7976 — Deutsche Alternative Asset Management (Global)/Ermewa/Akiem) — Candidate case for simplified procedure (Text with EEA relevance)
Date: 2016-03-31
Institutions: European Commission
Subjects: economic concentration, financial services, holding company, investment company, maintenance, merger control, rental business, vehicle on rails








C_2016114EN.01001001.xml










31.3.2016   


EN


Official Journal of the European Union


C 114/10





Prior notification of a concentration
(Case M.7976 — Deutsche Alternative Asset Management (Global)/Ermewa/Akiem)
Candidate case for simplified procedure
(Text with EEA relevance)
(2016/C 114/05)






1.


On 18 March 2016, 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 Deutsche Alternative Asset Management (Global) Ltd (‘DAAM Global’, United Kingdom), an affiliate of Deutsche Bank AG (‘Deutsche Bank’, Germany), and Ermewa Holding SA (‘Ermewa’, France), an indirect subsidiary of SNCF Mobilités (‘SNCF Mobilités’, France), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Akiem Holding SAS (‘Akiem’, France) by way of purchase of shares.










2.


The business activities of the undertakings concerned are:
—   for DAAM Global: investment management and fund management services. It is a wholly owned subsidiary of Deutsche Bank, which is a global provider of financial services,
—   for Ermewa: transport asset management, in particular leasing of locomotives, leasing of freight railcars in Europe and leasing of tank-containers and small containers globally. It is also active in France in the maintenance, construction and repair of railcars. Ermewa is an indirect subsidiary of SNCF Mobilités, a French industrial and commercial public-held company in charge of railway passengers and freight transportation services,
—   for Akiem: leasing of all types of locomotives, provision of third-party maintenance services for the locomotives, as well as all associated services, and all technical, commercial or financial operations directly or indirectly related to these activities.










3.


On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the 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 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 this 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 M.7976 — Deutsche Alternative Asset Management (Global)/Ermewa/Akiem, to the following address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË










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

(2)  OJ C 366, 14.12.2013, p. 5.