CELEX: 32012M6426
Language: en
Date: 2012-02-17 00:00:00
Title: Commission Decision of 17/02/2012 declaring a concentration to be compatible with the common market (Case No COMP/M.6426 - GSO / MILLER GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32012M6426

Commission Decision of 17/02/2012 declaring a concentration to be compatible with the common market (Case No COMP/M.6426 - GSO / MILLER GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION     |
            Brussels , 17/02/2012 
             PUBLIC VERSION C(2012) 1181
             SIMPLIFIED MERGER PROCEDURE
             To the notifying party
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.6426 – GSO /MILLER GROUP  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004  [1]  
            1.  On 20 January 2012, the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking GSO Capital Partners LP (“GSO”, USA) controlled by The Blackstone Group L.P. (USA) acquires within the meaning of Article 3(1)(b) of the  Merger Regulation sole control of the whole of the Miller Group Ltd (“Miller Group”, UK) by way of purchase of shares. [2]  
            2.  The business activities of the undertakings concerned are:
              - for GSO: credit-oriented alternative asset management,
              - for the Miller Group: house building, construction, property development and mining primarily in the UK.
            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 [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
            [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 22, 27.1.2012, p.13
            [3] OJ C 56, 5.3.2005, p. 32.