Prior notification of a concentration (Case M.11057 – DEKABANK / SC / LBBW / SWIAT) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 180/08
Date: 2023-05-23
Institutions: Directorate-General for Competition, European Commission
Subjects: bank, banking, economic concentration, merger control








C_2023180EN.01001901.xml










23.5.2023   


EN


Official Journal of the European Union


C 180/19






Prior notification of a concentration
(Case M.11057 – DEKABANK / SC / LBBW / SWIAT)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 180/08)

1.   
On 12 May 2023, 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:






—


DekaBank Deutsche Girozentrale (‘DekaBank’, Germany),










—


Standard Chartered UK Holdings Limited (‘SC’, United Kingdom), ultimately controlled by Standard Chartered PLC (United Kingdom).










—


Landesbank Baden-Württenberg (‘LBBW’, Germany),










—


SWIAT GmbH (‘SWIAT’, Germany), currently controlled by DekaBank,




DekaBank, SC and LBBW will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of SWIAT. The concentration is accomplished by way of purchase of shares.


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






—


DEKABANK is the central provider of asset management and capital market solutions to the Sparkassen-Finanzgruppe (the network of public banks in Germany).










—


SC is a member of the Standard Chartered group, a multinational banking group with operations in consumer, corporate and institutional banking, and treasury services.










—


LBBW is a universal bank and an international commercial bank, central bank to the savings banks in the State of Baden-Württemberg, Saxony and Rhineland-Palatinate and as a savings bank in Stuttgart.






3.   

The business activities of SWIAT will be the following: SWIAT will be active in the development, distribution and maintenance of software systems, the provision of consulting services and the deployment of blockchain-based software systems for banks, asset managers and infrastructure service providers.



4.   
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.


5.   
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.11057 – DEKABANK / SC / LBBW / SWIAT
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
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.