CELEX: 32019M9259
Language: en
Date: 2019-03-05 00:00:00
Title: Commission Decision of 05/03/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9259 - Investindustrial VI L.P. / Natra) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 5.3.2019
                                                                C(2019)1891 final
                                                                     PUBLIC VERSION
                                                                To the notifying party:
Subject:        Case M.9259 – INVESTINDUSTRIAL / NATRA
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 8 February 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Investindustrial VI
        L.P.3 (‘Investindustrial’, United Kingdom), belonging to the Investindustrial Group, which
        is ultimately controlled by Investindustrial S.A. (Luxembourg), acquires within the
        meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Natra
        S.A. (‘Natra’, Spain) by way of a public bid announced on 1 February 2019.4
2.      The business activities of the undertakings concerned are:
              for Investindustrial : investment fund of the Investindustrial Group, which invests
                 predominantly in medium-sized companies active in industrial manufacturing,
                 consumer, retail and leisure, and business services,
              for Natra : specialized in cocoa and chocolate products covering all the stages of
                 the value chain.
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
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       Through its wholly owned subsidiary World Confectionery Group S.à.r.l. (Luxembourg).
4       Publication in the Official Journal of the European Union No C 60, 15.02.2019, p. 35.
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---    the Commission Notice on a simplified procedure for treatment of certain concentrations
   under Council Regulation (EC) No 139/2004.5
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
5  OJ C 366, 14.12.2013, p. 5.
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