do-me/EUR-LEX huggingface dataset:
Prior notification of a concentration (Case M.11967 – CRÉDIT MUTUEL GROUP / OLDENBURGISCHE LANDESBANK) – Candidate case for simplified procedure
Date: 2025-07-31
Institutions: Directorate-General for Competition, European Commission
Subjects: Germany, bank, banking, economic concentration, insurance, merger control, provision of services








C_202504345EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/4345


31.7.2025






Prior notification of a concentration
(Case M.11967 – CRÉDIT MUTUEL GROUP / OLDENBURGISCHE LANDESBANK)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2025/4345)


1.   
On 16 July 2025, 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:






—


Targo Deutschland GmbH (‘TargoBank’, Germany), a wholly owned subsidiary of Banque Fédérative Crédit Mutuel (France), itself member of the Crédit Mutuel Group (‘Crédit Mutuel’, France),










—


Oldenburgische Landesbank AG (‘OLB’, Germany).




TargoBank will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of OLB.
The concentration is accomplished by way of purchase of shares.


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






—


TargoBank provides banking services for retail and corporate clients and insurance distribution services in Germany. Crédit Mutuel is a banking group headquartered in France active in a range of banking, insurance and asset management services,










—


OLB provides banking services for retail and corporate clients and insurance services in Germany.






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 treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (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 concentration 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.11967 – CRÉDIT MUTUEL GROUP / OLDENBURGISCHE LANDESBANK
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 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2025/4345/oj
ISSN 1977-091X (electronic edition)
Case C-519/25, American Free Enterprise Chamber of Commerce: Request for a preliminary ruling from the Grondwettelijk Hof (Belgium) lodged on 31 July 2025 – American Free Enterprise Chamber of Commerce v Ministerraad
Date: 2025-07-31
Institutions: Court of Justice
Subjects: corporation tax, group of companies, multinational enterprise, principle of legal certainty, profit, tax law








C_202505575EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/5575


27.10.2025






Request for a preliminary ruling from the Grondwettelijk Hof (Belgium) lodged on 31 July 2025 – American Free Enterprise Chamber of Commerce v Ministerraad


(Case C-519/25, American Free Enterprise Chamber of Commerce)

(C/2025/5575)
Language of the case: Dutch

Referring court

Grondwettelijk Hof

Parties to the main proceedings


Applicant: American Free Enterprise Chamber of Commerce

Defendant: Ministerraad

Question referred

Do Articles 12 to 14 of Council Directive (EU) 2022/2523 of 14 December 2022
             (1)
            ‘on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union’, in so far as those provisions require Member States to subject constituent entities of an MNE group established in the Union to a UTPR top-up tax, which would render those entities liable to tax on under-taxed profits realised by other constituent entities in another jurisdiction, without any distinction being made according to the financial capacity of those taxable constituent entities, infringe Articles 15, 16, 17, 20 and 21 of the Charter of Fundamental Rights of the European Union, Articles 49 and 56 of the Treaty on the Functioning of the European Union, the principle of legal certainty and the principle of fiscal territoriality?


(1)  Council Directive (EU) 2022/2523 of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union (OJ 2022 L 328, p. 1).


ELI: http://data.europa.eu/eli/C/2025/5575/oj
ISSN 1977-091X (electronic edition)