CELEX: 32001M2592
Language: en
Date: 2001-10-11 00:00:00
Title: Commission Decision of 11/10/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2592 - 3 i / EQVITEC / POHJOLA / SUOMI / ION BLAST) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

Avis juridique important

|

32001M2592

Commission Decision of 11/10/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2592 - 3 i / EQVITEC / POHJOLA / SUOMI / ION BLAST) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 358 , 15/12/2001 P. 0010 - 0010

Commission Decision of 11/10/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2592 - 3 i / EQVITEC / POHJOLA / SUOMI / ION BLAST) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)To the notifying partiesDear Madam(s) and/or Sir(s),Subject: Case No. COMP/M.2592 - 3 i/EQVITEC/POHJOLA/SUOMI/ION BLAST Notification of 10.9.2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 263 of 19.09.2001[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 10.9.2001, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which Eqvitec Teknologia Rahasto I ("Eqvitec", Finland), 3I via its subsidiary SFK 99-Rahasto Ky (Finland), Vahinkovakuutusosakeyhtiö Pohjola ("Pohjola", Finland) and Keskinäinen Henkivakuutusyhtiö Suomi ("Suomi", Finland) acquired, within the meaning of Article 3(1)(b) of the Council Regulation, joint control of the undertaking Ion Blast Oy (Finland) by way of purchase of shares. The business activities of the undertakings concerned are: - for undertaking Eqvitec: venture capital fund - for undertaking SFK 99-Rahasto Ky: investment fund belonging to the 3I Group - for undertaking Pohjola: insurance, claims settlement and risk management services - for undertaking Suomi: insurance - for undertaking Ion Blast Oy: manufacturing and licensing of an electrostatic gas purification and dust removal technology2. 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, subparagraph b 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. 32.3. 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 Commission(Signed) Mario MONTI Member of the Commission