Prior notification of a concentration (Case M.8639 — Cariparma/Caricesena, Carim, Carismi) — Candidate case for simplified procedure (Text with EEA relevance. )
Date: 2017-11-15
Institutions: European Commission
Subjects: banking, economic concentration, financial services, investment company, merger control, subsidiary








C_2017385EN.01001801.xml










15.11.2017   


EN


Official Journal of the European Union


C 385/18





Prior notification of a concentration
(Case M.8639 — Cariparma/Caricesena, Carim, Carismi)
Candidate case for simplified procedure
(Text with EEA relevance)
(2017/C 385/07)






1.


On 8 November 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Crédit Agricole Cariparma S.p.A. (‘Cariparma’, Italy),










—


Cassa di Risparmio di Cesena S.p.A. (‘Caricesena’, Italy),










—


Cassa di Risparmio di Rimini S.p.A. (‘Carim’, Italy),










—


Cassa di Risparmio di San Miniato S.p.A. (‘Carismi’, Italy).




Crédit Agricole Cariparma S.p.A. acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Cassa di Risparmio di Cesena S.p.A., Cassa di Risparmio di Rimini S.p.A. and Cassa di Risparmio di San Miniato S.p.A.
The concentration is accomplished by way of purchase of shares.










2.


The business activities of the undertakings concerned are:
—   for Cariparma: a subsidiary of Crédit Agricole SA (‘Crédit Agricole’, France) which is the first bancassurer and asset manager in Europe. The Group Crédit Agricole is present in Italy with a complete range of financial services.
—   for Caricesena: active in all areas relating to financial intermediation credit, in northern and central Italy.
—   for Carim: active in the retail banking sector in Italy, in particular in the Italian regions of Emilia Romagna, Marche, Umbria and Lazio
—   for Carismi: mainly active in the retail banking sector, in particular in northern and central Italy, in the region of Tuscany.










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 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. The following reference should always be specified:
M.8639 — Cariparma/Caricesena, Carim, Carismi
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





E-mail: COMP-MERGER-REGISTRY@ec.europa.eu




Fax +32 22964301




Postal 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.