Prior notification of a concentration (Case M.8267 — Everis Initiatives/Bankia/Nettit Collaborative Payment) — Candidate case for simplified procedure (Text with EEA relevance )
Date: 2016-12-08
Institutions: European Commission
Subjects: economic concentration, financial services, merger control








C_2016457EN.01001301.xml










8.12.2016   


EN


Official Journal of the European Union


C 457/13





Prior notification of a concentration
(Case M.8267 — Everis Initiatives/Bankia/Nettit Collaborative Payment)
Candidate case for simplified procedure
(Text with EEA relevance)
(2016/C 457/11)






1.


On 28 November 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1), by which the undertakings Everis Initiatives, SL (‘Everis’, Spain), belonging to the Japanese group NTT Data (‘NTT’, Japan), and Bankia, SA (‘Bankia’, Spain), controlled by the Fondo de Reestructuración Ordenada Bancaria (‘FROB’, Spain) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Nettit Collaborative Payment, SL (‘Nettit’, Spain), until now under the sole control of Everis. As part of the proposed transaction, Bankia will increase the share capital of Nettit by way of purchase of shares.










2.


The business activities of the undertakings concerned are:






—


Everis is a multinational consultancy firm that provides business solutions, strategy, development and maintenance of technology applications, and IT outsourcing services,










—


NTT is primarily active in the IT sector, with a particular focus on telecommunications services, consultancy, systems development and the outsourcing of IT services,










—


Bankia is a financial institution whose sectors of activity include financial services, insurance, asset management, lending, and property development and management,










—


FROB is a public fund that is currently controlled by the Spanish Government,










—


Nettit is a start-up company engaged in the development and marketing of supply chain finance (SCF) services, specifically the provision of a number of payment and financial intermediation services.














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 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 any observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of publication of this notification. 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 M.8267 — Everis Initiatives/Bankia/Nettit Collaborative Payment, 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.