CELEX: 32006M4133
Language: en
Date: 2006-03-30 00:00:00
Title: Commission Decision of 30/03/2006 declaring a concentration to be compatible with the common market (Case No COMP/M.4133 - MELLON / WESTLB / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32006M4133

Commission Decision of 30/03/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4133 - MELLON / WESTLB / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

| |Brussels, 30.03.2006SG-Greffe(2006) D/201404To the notifying partiesDear Madam and Sirs,Subject : Case COMP/M.4133 – MELLON / WESTLB / JV Notification of 24/02/2004 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 54, 04/03/2006, p.31.  On 24 February 2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings Mellon Financial Corporation (“Mellon”, USA) and WestLB AG (“WestLB”, Germany) acquire joint control in a newly created company (JV) constituting a joint venture by way of purchase of shares.2.  The business activities of the undertakings concerned are :- for Mellon: global financial services- for WestLB : universal bank- for JV: asset management3.  After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph (b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004[2].4.  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 (EC) No. 139/2004.For the Commission,(signed)Neelie KROES Member of the Commission[1] OJ L 24, 29.1.2004 p. 1[2] OJ C 56, 05.3.2005 p.32PUBLIC VERSIONMERGER PROCEDUREARTICLE 6(1)(b) DECISIONSIMPLIFIED PROCEDURE