CELEX: 32019M9288
Language: en
Date: 2019-04-25 00:00:00
Title: Commission Decision of 25/04/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9288 - CA Consumer Finance S.A. / Banco BPM S.p.A.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 25.4.2019
                                                                C(2019) 3282 final
                                                                                      PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9288 – CACF / BBPM / AGOS DUCATO / PROFAMILY
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
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                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 29 March 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the undertakings
        CA Consumer Finance S.A. (‘CACF’, France), solely controlled by Crédit Agricole S.A.
        (France) and Banco BPM S.p.A (‘BBPM’, Italy), acquire within the meaning of Article
        3(1)(b) of the Merger Regulation joint control over the whole of ProFamily S.p.A.
        (‘ProFamily’, Italy), a wholly owned subsidiary of BBPM, through Agos Ducato S.p.A.
        (‘Agos Ducato’, Italy), jointly controlled by CACF and BBPM, by way of purchase of
        shares.3
2.      The business activities of the undertakings concerned are:
        −     CACF is active in the consumer finance sector in France and several other European
              countries, as well as in China and Morocco,
        −     BBPM is a banking group mainly active in Italy,
        −     Agos Ducato operates in the consumer credit sector in Italy,
        −     ProFamily offers consumer credit products in Italy. The business of ProFamily that is
              not distributed through the banking network of BBPM is not part of the proposed
              concentration.
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 125, 04.04.2019, p. 6.
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--- 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 6 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)
                                                   Johannes LAITENBERGER
                                                   Director-General
4  OJ C 366, 14.12.2013, p. 5.
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