CELEX: 32001M2419
Language: en
Date: 2001-05-14 00:00:00
Title: COMMISSION DECISION of 14/05/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2419 - APAX/SCHERING/METAGEN) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32001M2419

COMMISSION DECISION of 14/05/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2419 - APAX/SCHERING/METAGEN) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 196 , 12/07/2001 P. 0007 - 0007

COMMISSION DECISION of 14/05/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2419 - APAX/SCHERING/METAGEN) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)Brussels, 14/05/2001 *288517 To the notifying party Dear Sirs,Subject: Case No. COMP/M. 2419  -  APAX / SCHERING / METAGEN  Notification of 04.04.2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 111, 12.04.2001, page 11. [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 04.04.2001, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 [2] by which the undertaking Apax Europe IV-A L.P , controlled by Apax Europe IV GP Co Ltd which is controlled by Hirzell Trust (all: Guernsey, Channel Islands) acquire from Schering AG (GER) within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking metaGEN, Gesellschaft für Genomforschuing GmBH ("metaGen", GER) by way of purchase of shares.[2]  OJ L 395, 30.12.1989 p. 1; corrigendum OJ L 257 of 21.9.1990, p. 13; Regulation as last amended by Regulation (EC) No 1310/97 (OJ L 180, 9. 7. 1997, p.  1, corrigendum OJ L 40, 13.2.1998, p. 17).On 04.05.2001 the parties submitted a modification of the notification which replaces Apax Europe IV-A L.P by Apax Europe V-A L.P, also controlled by Hirzell Trust (all: Guernsey, Channel Islands).The business activities of the undertakings concerned are : - Apax Europe V-A, L.P. is an investment fund. - Schering AG is active in the development, manufacturing and sale of pharmaceuticals. - MetaGen is a biotechnology company focussing on cancer therapeutics and diagnostics.2. After examination of the notification, the Commission has concluded that the notified operation as modified falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, subparagraph a, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [3].  [3]   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(Signed)Mario MONTI Member of the Commission