CELEX: 32001M2674
Language: en
Date: 2001-12-20 00:00:00
Title: COMMISSION DECISION of 20/12/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2674 - SONAE/CNP-ASSURANCES/LL PORTO RETAIL JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32001M2674

COMMISSION DECISION of 20/12/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2674 - SONAE/CNP-ASSURANCES/LL PORTO RETAIL JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 037 , 09/02/2002 P. 0024 - 0024

COMMISSION DECISION of 20/12/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2674 - SONAE/CNP-ASSURANCES/LL PORTO RETAIL JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)Brussels, 20.12.2001To the notifying partiesDear Sirs,Subject: Case No. COMP/M.2674 - Sonae / CNP Assurances / LL Porto Retail JV Notification of 20 November 2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 347, of 8 December 2001, page 3[1]   OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17.1. On 20 November, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the Portuguese undertaking Sonae Imobiliária SGPS SA("Sonae"), belonging to the Sonae Group, and the French undertaking CNP Assurances ("CNP"), acquire within the meaning of Article 3 (1) (b) of the Council Regulation joint control of the Portuguese undertaking  LL Porto Retail SGPS, S.A. ("LL Porto Retail") by way of purchase of shares.2. The business activities of the undertakings involved are:- for Sonae: leasing of real estate for commercial purposes, wooden derived products, food and non-food retailing, telecommunications, media, tourism, transport;- for CNP: life insurance;- for LL Porto Retail: leasing of real estate for commercial purposes.3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4 (c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2].  [2]   OJ C 217, 29.07.2000, p. 32.4. 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 (EEC) No. 4064/89.For the CommissionSigned by  Mario MONTI Member of the Commission