CELEX: 32003M3199
Language: en
Date: 2003-08-20 00:00:00
Title: Commission Decision of 20/08/2003 declaring a concentration to be compatible with the common market (Case No COMP/M.3199 - BANK ONE CORPORATION / QUINTILES) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32003M3199

Commission Decision of 20/08/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3199 - BANK ONE CORPORATION / QUINTILES) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 202 , 27/08/2003 P. 0023 - 0023

Commission Decision of 20/08/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3199 - BANK ONE CORPORATION / QUINTILES) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) To the notifying partyDear Madam(s) and/or Sir(s),Subject: Case No COMP/M.3199 - Bank One Corporation/Quintiles  Notification of 18/07/2003 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 178, 29/07/2003, page 9.[1]   OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17.I. THE PARTIES AND THE OPERATION1. On 17.07.2003, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the One Equity Partners LLC ("OEP", USA), controlled by the Bank One Corporation ("Bank One", USA), acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the Quintiles Transnational Corporation ("Quintiles", USA) by way of purchase of shares.2. The business activities of the undertakings concerned are : - for OEP: private equity investments;  -  for Bank One: banking and finance services; - for Quintiles: product and commercial development services for pharmaceutical industries.2. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, subparagraph c, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2].  [2]   OJ C 217, 29.07.2000, p. 32.3. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement.  This decision is adopted in application of Article 6(1)(b) of Council Regulation (EEC) No. 4064/89.For the Commission(signed)Erkki LIIKANEN Member of the Commission