Prior notification of a concentration (Case M.10728 – CACF / STELLANTIS / FCA BANK / F2ML) (Text with EEA relevance) 2022/C 442/05
Date: 2022-11-22
Institutions: Directorate-General for Competition, European Commission
Subjects: consumer credit, economic concentration, financial services, financing, hire purchase, merger control, motor car, motor vehicle industry, provision of services, vehicle rental








C_2022442EN.01001701.xml










22.11.2022   


EN


Official Journal of the European Union


C 442/17






Prior notification of a concentration
(Case M.10728 – CACF / STELLANTIS / FCA BANK / F2ML)
(Text with EEA relevance)
(2022/C 442/05)

1.   
On 15 November 2022, 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 Consumer Finance (‘CACF’, France),










—


Stellantis N.V. (‘Stellantis’, the Netherlands),










—


FCA Bank S.p.A. (‘FCA Bank’, Italy),










—


Free2MoveLease (‘F2ML’, the Netherlands).




CACF intends to acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of FCAB, which is currently jointly controlled by CACF and Stellantis (the ‘FCAB Transaction’) and CACF and Stellantis intend to acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of LeaseCo combining Leasys (already jointly controlled by CACF and Stellantis) and F2ML (previously solely controlled by Stellantis), both active in the provision of B2B operational leasing services (the ‘LeaseCo Transaction’) (together the ‘Transaction’).
The concentration is accomplished by way of purchase of shares and assets.


2.   
The business activities of the undertakings concerned are the following:






—


CACF is active in the consumer finance sector in France and several other European countries, as well as in China and Morocco,










—


Stellantis is active worldwide in the development, manufacturing and distribution of automotive vehicles, under the following fifteen brands: Peugeot, Citroën, DS Automobiles, Opel, Vauxhall, Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Maserati and Ram,










—


FCAB is active in automotive financing in 16 EEA Member States, in Morocco, Switzerland and the United Kingdom,










—


F2ML is active in the provision of B2B operational leasing services in several EEA Member States.






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.



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.10728 – CACF / STELLANTIS / FCA BANK / F2ML
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
Email: 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’).