CELEX: 32013M7040
Language: en
Date: 2013-10-11 00:00:00
Title: Commission Decision of 11/10/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7040 - CVC / DOMESTIC & GENERAL GROUP HOLDINGS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

|

32013M7040

Commission Decision of 11/10/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7040 - CVC / DOMESTIC & GENERAL GROUP HOLDINGS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION      |
             Brussels, 11/10/2013
             C(2013)6849
             PUBLIC VERSION
             SIMPLIFIED MERGER PROCEDURE
              To the notifying party:
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.7040 - CVC/ Domestic & General Group Holdings  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004  [1] 
            1.  On 16 September 2013, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which CVC Capital Partners SICAV-FIS S.A. (“CVC”, Luxemburg) acquires sole control of Domestic & General Group Holdings (the United Kingdom) within the meaning of Article 3(1)(b) of the Merger Regulation by way of purchase of shares. [2]  
            2.  The business activities of the undertakings concerned are:
            ·  for CVC: advice to and management of investment funds. The funds managed by CVC solely or jointly control a number of companies, among which Acromas Holdings Ltd, the owner of AA Group and Saga. AA Group and Saga are both active in out-of-warranty repair services through the provision of protection plans for boiler and central heating systems.
            ·  for Domestic & General Group Holdings: provision of extended warranties for domestic appliances outside the manufacturer's original warranty.
            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)(i) 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 273, 21/09/2013, p.17
            [3] OJ C 56, 5.3.2005, p. 32.