CELEX: 32004M3249
Language: en
Date: 2004-02-20 00:00:00
Title: Commission Decision of 20/02/2004 declaring a concentration to be compatible with the common market (Case No COMP/M.3249 - CANDOVER / JPMP / 3i / ABB) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32004M3249

Commission Decision of 20/02/2004 declaring a concentration to be compatible with the common market (Case No IV/M.3249 - CANDOVER / JPMP / 3i / ABB) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 053 , 28/02/2004 P. 0005 - 0005

Commission Decision of 20/02/2004 declaring a concentration to be compatible with the common market (Case No IV/M.3249 - CANDOVER / JPMP / 3i / ABB) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)To the notifying partiesDear Madam(s) and/or Sir(s),Subject: Case No. COMP/M.3249 - Candover/JPMP/3i/ABB Notification of 20.01.2004 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1], as last amended by Regulation (EC) No 1310/97 [2] Publication in the Official Journal of the European Union No. C24, 28.01.2004, page 25[1]  OJ L 395, 30.12.1989 p. 1; corrigendum: OJ L 257, 21.9.1990, p. 13.[2]   OJ L 180, 9. 7. 1997, p. 1; corrigendum OJ L 40, 13.2.1998, p. 17.1. On 20.01.2004, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the undertakings Candover Partners Limited ('Candover', United Kingdom), belonging to the Candover Investments plc group, JPMP Capital Corp. ('JPMP', USA), belonging to the J. P. Morgan Chase & Co. Group, and 3i Group plc ('3i', United Kingdom) belonging to the 3i Group plc, acquire within the meaning of Article 3(1)(b) of the Regulation, joint control of parts of a business division of ABB Group Ltd ('ABB', Switzerland) by way of purchase of shares and assets.The business activities of the undertakings concerned are:- Candover: private equity company,- JPMP: international private equity company,- 3i: international venture capital company,- ABB (the acquired activities): products and services to the oil, gas and petroleum industry.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, subparagraph b 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 CommissionMario MONTIMember of the Commission