CELEX: 32014M7163
Language: en
Date: 2014-03-14 00:00:00
Title: Commission Decision of 14/03/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7163 - SOCIETE GENERALE / NEWEDGE GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 14.3.2014
                                        C(2014) 1790 final

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                                        To the notifying parties:

Dear Madam/Sir,

Subject:    Case COMP/M.7163 - SOCIETE GENERALE / NEWEDGE GROUP
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 17.02.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation  by
    which Société Générale SA ("Société Générale", France), acquires within the meaning of Article 3(1)(b) of the Merger  Regulation  control  of
    the whole of Newedge Group SA ("Newedge", France) by way of purchase of shares.

 2.  The business activities of the undertakings concerned are:

    -       for Société Générale: retail banking, corporate and investment banking, private banking, asset management, securities services.

    -  for Newedge: brokerage and clearing services for listed and OTC derivatives and securities[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(c) and (d) 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 55, 26.02.2014, p.20.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE