do-me/EUR-LEX huggingface dataset:
Prior notification of a concentration (Case M.11321 – VWFS / PON BIKE / BMS)
Date: 2024-01-09
Institutions: Directorate-General for Competition, European Commission
Subjects: cycle and motorcycle industry, economic concentration, financial services, hire purchase, holding company, merger control, motor vehicle industry, rental business, vehicle rental








C_202400683EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2024/683


9.1.2024






Prior notification of a concentration
(Case M.11321 – VWFS / PON BIKE / BMS)
(Text with EEA relevance)
(C/2024/683)


1.   
On 22 December 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:






—


Volkswagen Financial Services AG (‘VWFS’, Germany), controlled by Volkswagen AG (Germany), ultimately controlled by Porsche Automobil HoldingG (Germany)










—


Pon Bicycle Holding B.V. (‘Pon.Bike’, the Netherlands), controlled by Pon Holdings B.V. (the Netherlands)










—


Bike Mobility Services B.V. (‘BMS’, the Netherlands), currently wholly-owned by Pon Bicycle Holding B.V.




Volkswagen Financial Services AG and Pon Bicycle Holding B.V. will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Bike Mobility Services B.V..
The concentration is accomplished by way of purchase of shares.


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






—


VWFS: financial services relating to the sale of (new and used) passenger cars, light commercial vehicles, medium and heavy commercial vehicles and buses as well as other mobility services within the Volkswagen Group,










—


Pon.Bike: the designing, assembling and selling of urban, road and mountain bikes, as well as parts and accessories and providing of new mobility services.






3.   

The business activities of BMS are the following: operation of digital bike leasing platforms.



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.



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.11321 – VWFS / PON BIKE / BMS
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’).


ELI: http://data.europa.eu/eli/C/2024/683/oj
ISSN 1977-091X (electronic edition)