CELEX: 32014M7254
Language: en
Date: 2014-07-03 00:00:00
Title: Commission Decision of 03/07/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7254 - LETTERONE / RWE DEA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 3.7.2014
                                        C(2014) 4465 final

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|To the notifying party:                                            |                                                                   |
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Dear Madam(s) and/or Sir(s),

Subject:    Case M.7254 – LETTERONE / RWE DEA
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

   1. On 11.06.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation  by
      which LetterOne Holding S.A. of Luxemburg (“LetterOne”), will acquire indirect sole control of RWE Dea AG of Germany (“RWE Dea”) by way  of
      purchase of shares.

   2. The business activities of the undertakings concerned are:

      -     LetterOne is a private investment holding company focussing on investments in the energy and telecoms sectors;
      -     RWE Dea is an international oil and gas company active in 17 countries, which owns stakes in approximately 140  active  oil  and  gas
           licenses and operates natural gas underground storage facilities in Germany.[2]

   3. After examination of the notification, the European Commission has concluded that the notified operation falls  within  the  scope  of  the
      Merger Regulation and of paragraph 5(b) of the Commission Notice on a simplified procedure for treatment of  certain  concentrations  under
      Council Regulation (EC) No 139/2004[3].

   4. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the  notified  operation
      and to declare it compatible with the internal market and with the EEA Agreement. This  decision  is  adopted  in  application  of  Article
      6(1)(b) of the Merger Regulation.

                                        For the Commission

                                        Signed,
                                        Alexander ITALIANER
                                        Director General
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[1]   OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the  European  Union
      ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by  "internal  market".  The
      terminology of the TFEU will be used throughout this decision.
[2]   Publication in the Official Journal of the European Union No C 186, 18.06.2014, p. 12
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE