CELEX: 32016M8026
Language: en
Date: 2016-05-30 00:00:00
Title: Commission Decision of 30/05/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.8026 - BANCO BILBAO VIZCAYA ARENTARIA COLOMBIA / RCI BANQUE / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 30.05.2016
                                        C(2016) 3379 final

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|                                                                       |To the notifying parties:                                              |
|                                                                       |                                                                       |

Dear Sirs,

Subject:    Case M.8026 - BANCO BILBAO VIZCAYA ARGENTARIA COLOMBIA / RCI BANQUE / JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 29 April 2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation
    by which the undertakings RCI Banque S.A. ("RCI", France), ultimately controlled by the Renault Group ("Renault", France), and Banco  Bilbao
    Vizcaya Argentaria Colombia S.A. ("BBVA Colombia", Colombia), ultimately controlled by Banco Bilbao Vizcaya Argentaria S.A. ("BBVA", Spain),
    acquire within the meaning of Article 3(1)(b) of the  Merger Regulation joint control of  a  newly  created  company  constituting  a  joint
    venture (the "JV"), by way of  purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

        – BBVA: international financial group;
        – BBVA Colombia: provision of financial and non-financial services at wholesale and retail level  to  a  range  of  market  segments  in
          Colombia, including consumer finance (auto and consumer finance), and capital markets and securities operations;
        – Renault: automotive industry;
        – RCI: provision of financing to Renault and Nissan dealers as well as to private and commercial customers who purchase cars in  Renault
          or Nissan dealerships;
        – JV: provision of retail and wholesale financing to Renault purchasers and dealers in Colombia.

 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(a) the Commission Notice on a simplified  procedure  for  treatment  of  certain  concentrations  under
    Council Regulation (EC) No 139/2004.[4]

 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 and Article 57 of the EEA Agreement.

                                        For the Commission

                                        Signed
                                        Johannes LAITENBERGER
                                        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]   OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement').

[3]   Publication in the Official Journal of the European Union No C 167, 11.05.2016, p. 19.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE