CELEX: 32000M2167
Language: en
Date: 2000-11-14 00:00:00
Title: COMMISSION DECISION of 14/11/2000 declaring a concentration to be compatible with the common market (Case No IV/M.2167 - 4*  CITIGROUP/ASSOCIATES) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32000M2167

COMMISSION DECISION of 14/11/2000 declaring a concentration to be compatible with the common market (Case No IV/M.2167 - 4*  CITIGROUP/ASSOCIATES) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal C 369 , 22/12/2000 P. 0006 - 0006

COMMISSION DECISION of 14/11/2000 declaring a concentration to be compatible with the common market (Case No IV/M.2167 - 4*  CITIGROUP/ASSOCIATES) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)Brussels, 14.11.2000SG(2000) D/108396 To the notifying partyDear Madam(s) and/or Sir(s),Subject: Case No. COMP/M. 2167 - Citigroup/Associates  Notification of 10.10.2000 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1][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.  Publication in the Official Journal of the European Communities No. C 299/02 -20/10/2000.1. On 10.10.2000, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the US undertaking Citigroup Inc. ("Citigroup") acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the US undertaking Associates First Capital Corporation ("Associates") by way of purchase of shares. The business activities of the undertakings concerned are :- for Citigroup : retail banking; commercial banking; insurance and related services.- for Associates : retail banking; commercial banking; insurance and related services.2. 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 (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. 32.3. 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.   For the Commission,Mario MONTI,Member of the Commission