CELEX: 32001M2561
Language: en
Date: 2001-11-06 00:00:00
Title: COMMISSION DECISION of 06/11/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2561 - PRUDENTIAL/BPB) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32001M2561

COMMISSION DECISION of 06/11/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2561 - PRUDENTIAL/BPB) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 323 , 20/11/2001 P. 0010 - 0010

COMMISSION DECISION of 06/11/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2561 - PRUDENTIAL/BPB) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)Brussels, 06-11-2001SG (2001) D/292038To the notifying partiesDear Sirs,Subject: Case No. COMP/M.2561 - Prudential / BPB / JV  Notification of 28.09.2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C284 of 10.10.2001. [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 28/09/2001, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 by which The Prudential Insurance Company of America ("Prudential"), through Prudential International Investments Corporation ("Prudential Investments") and Banca Popolare di Bergamo- Credito Varesino ("BPB") acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of Finanzattiva SGR ("Finanzattiva") by way of purchase of shares.2. The business activities of the undertakings concerned are : - for Prudential : insurance, investment, and asset management services; - for BPB : banking, asset management, capital markets, insurance, leasing, and other financial services; - for Finanzattiva: asset management services in Italy.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, subparagraph 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.