CELEX: 32022M10614
Language: en
Date: 2022-03-14 00:00:00
Title: Commission Decision of 14/03/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10614 - PAI PARTNERS / UVESCO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 14.3.2022
                                                                 C(2022) 1688 final
                                                                                 PUBLIC VERSION
                                                                 PAI Partners SAS
                                                                 232 rue de Rivoli
                                                                 75001 Paris
                                                                 France
Subject:         Case M.10614 – PAI PARTNERS / UVESCO
                 Commission decision pursuant to Article 6(1)(b) of Council Regulation
                 (EC) No 139/20041 and Article 57 of the Agreement on the European
                 Economic Area2
Dear Sir or Madam,
1.      On 18 February 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which PAI Partners
        SAS (‘PAI Partners’, France) will acquire within the meaning of Article 3(1)(b) of the
        Merger Regulation sole control of the whole of Uvesco S.A. (‘Uvesco’, Spain) by way
        of purchase of shares.3
2.      The business activities of the undertakings concerned are the following:
             PAI Partners is a private equity fund active in business services; food & consumer
              (including Refresco, Anguilas Aguinaga, Froneri, Tropicana, Naked, and
              Pumica); general industrials, and healthcare,
             Uvesco is a Spanish retailer, active in the sale of daily consumer goods in
              supermarkets.
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 89, 25.2.2022, p. 17.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 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) of 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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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