CELEX: 32021M10413
Language: en
Date: 2021-10-08 00:00:00
Title: Commission Decision of 08/10/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10413 - APOLLO MANAGEMENT / RENO DE MEDICI) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 8.10.2021
                                                                 C(2021) 7400 final
                                                                                 PUBLIC VERSION
                                                                 Apollo Management, L.P.
                                                                 9 West 57th Street, 43rd Floor
                                                                 New York, NY 10019
                                                                 United States of America
Subject:        Case M.10413 – Apollo Management/Reno De Medici
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 3 September 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking Apollo Management, L.P. (“Apollo”, USA), acquires within the meaning
        of Article 3(1)(b) of the Merger Regulation sole control over the whole of the
        undertaking Reno De Medici S.p.A. (“Reno De Medici” Italy) by way of purchase of
        shares.3
2.      The business activities of the undertakings concerned are:
             for Apollo: portfolio investments,
             for Reno De Medici: manufacturing, production, and distribution of recycled and
              specialty cardboard products.
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(b) of the Commission Notice on a simplified procedure for treatment of
        certain concentrations under Council Regulation (EC) No 139/2004.4
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       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 367, 13.09.2021, p. 6.
4       OJ C 366, 14.12.2013, p. 5.
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--- 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
                                             2