Prior notification of a concentration (Case M.11119 – GCA / STELLANTIS / ALD / LEASEPLAN) (Text with EEA relevance) 2023/C 215/04
Date: 2023-06-19
Institutions: Directorate-General for Competition, European Commission
Subjects: banking, consumer credit, economic concentration, financial services, hire purchase, insurance, merger control, motor vehicle industry, vehicle fleet








C_2023215EN.01000501.xml










19.6.2023   


EN


Official Journal of the European Union


C 215/5






Prior notification of a concentration
(Case M.11119 – GCA / STELLANTIS / ALD / LEASEPLAN)
(Text with EEA relevance)
(2023/C 215/04)

1.   
On 9 June 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:






—


Crédit Agricole Consumer Finance (‘CACF’, France), controlled by Crédit Agricole S.A. (‘GCA’, France),










—


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










—


Merrion Fleet Management Limited (‘ALD Ireland’), controlled by ALD S.A. (‘ALD’, France),










—


ALD Automotive AS (‘ALD Norway’), controlled by ALD,










—


SGALD Automotive – Sociedade Geral de Comercio e Aluguer de Bens, S.A. (‘ALD Portugal’), controlled by ALD,










—


LeasePlan Çeská republika s.r.o. (‘LP Czechia’), controlled by LP Group BV (‘LeasePlan’, the Netherlands),










—


LeasePlan Finland Oy (‘LP Finland’), controlled by LeasePlan,










—


LeasePlan Luxembourg S.A. (‘LP Luxembourg’), controlled by LeasePlan.




CACF will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of ALD Ireland, ALD Norway, LP Czechia and LP Finland.
CACF and Stellantis will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of ALD Portugal and LP Luxembourg.
The concentration is accomplished by way of purchase of shares.


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






—


CACF is active in the consumer finance sector. It is controlled by GCA, which is active in the banking and insurance-related services sector, including asset gathering, retail banking, specialised financial services and large customers,










—


Stellantis is active in the design, engineering, manufacture, distribution and sale of automotive vehicles, components, and production systems,










—


Each of ALD Ireland, ALD Norway, ALD Portugal, LP Czechia, LP Finland and LP Luxembourg is active in operational leasing and fleet management 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.



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.11119 – GCA / STELLANTIS / ALD / LEASEPLAN
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’).