CELEX: 32005M3678
Language: en
Date: 2005-03-23 00:00:00
Title: Commission Decision of 23/03/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.3678 - GOLDMAN SACHS / CERBERUS / TET) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32005M3678

Commission Decision of 23/03/2005 declaring a concentration to be compatible with the common market (Case No IV/M.3678 - GOLDMAN SACHS / CERBERUS / TET) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

| |Brussels, 23/03/2005SG-Greffe(2005) D/201482To the notifying partiesDear Madam, Dear Sir,Subject : Case No. COMP/M.3678 – Goldman Sachs / Cerberus / TET / JV Notification of 24/02/2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C56, 05/03/2005, p.451.  On 24/02/2005 , the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No. 139/2004 by which the undertakings Goldman Sachs Mortgage Company (“GSMC”, USA) controlled by Goldman Sachs Group, Inc. (“Goldman Sachs”, USA) and The Cerberus Group (“Cerberus”, USA) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of part of the undertaking Transamerica European Trailers (“TET”, UK) by way of purchase of shares.2.  The business activities of the undertakings concerned are :- for Goldman Sachs : investment banking and securities.- for Cerberus : investment in personal property.- for TET : leasing of commercial road trailers3.  After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph b, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004[2].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 (EC) No. 139/2004.For the CommissionSigned Neelie KROES Member of the Commission[1] OJ L 24, 29.1.2004 p. 1[2] Available on DG COMP website: http://europa.eu.int/comm/competition/mergers/legislation/consultation/simplified_tru.pdf.MERGER PROCEDUREARTICLE 6(1)(b) DECISIONSIMPLIFIED PROCEDUREPUBLIC VERSION