CELEX: 32021M10236
Language: en
Date: 2021-05-04 00:00:00
Title: Commission Decision of 04/05/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10236 - GOLDMAN SACHS / OIKOS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 4.5.2021
                                                                C(2021) 3296 final
                                                                                 PUBLIC VERSION
                                                                The Goldman Sachs Group, Inc.
                                                                Plumtree Court
                                                                25 Shoe Lane
                                                                London EC4A 4AU
                                                                United Kingdom
Subject:        Case M.10236 – GOLDMAN SACHS / OIKOS
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 8 April 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which The Goldman
        Sachs Group, Inc. (‘Goldman Sachs’, USA) intends to acquire within the meaning of
        Article 3(1)(b) of the Merger Regulation sole control of Oikos Holding GmbH
        (’Oikos’, Germany). The concentration is accomplished by way of purchase of shares
        in Oikos.3
2.      The business activities of the undertakings concerned are:
             for Goldman Sachs: global investment banking, securities and investment
              management. It provides a range of banking, securities and investment services
              worldwide,
             for Oikos: planning, construction, development, manufacturing and selling of
              prefabricated houses.
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
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 (the ‘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 139, 20.4.2021, p. 7.
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---    paragraph 5(b) 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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