CELEX: 32019M9431
Language: en
Date: 2019-08-16 00:00:00
Title: Commission Decision of 16/08/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9431 - KKR & Co. Inc. / Grupo Gallardo Balboa S.L.U.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 16.08.2019
                                                                C(2019) 6166 final
                                                                                 PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9431 — KKR/Grupo Gallardo Balboa
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 12 July 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which KKR & Co.
        Inc. (‘KKR’, USA) acquires within the meaning of Article 3(1)(b) of the Merger
        Regulation control of the whole of Grupo Gallardo Balboa S.L.U. (‘Grupo Gallardo
        Balboa’, Spain) by way of acquisition of shares.3
2.      The business activities of the undertakings concerned are:
             KKR is a global investment firm, which offers a broad range of alternative asset
              management services to public and private market investors and provides capital
              markets solutions for the firm, its portfolio companies and other clients,
             Grupo Gallardo Balboa is a holding company, headquartered in Spain, for various
              steelmaking corporations that manufacture corrugated steel. Through its operating
              companies, it has factories throughout Spanish communities including
              Extremadura, Madrid, Asturias and País Vasco.
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(c) of the Commission Notice on a simplified procedure for treatment of
        certain concentrations under Council Regulation (EC) No 139/2004.4
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 247, 23.7.2019, p. 32.
4       OJ C 366, 14.12.2013, p. 5.
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--- 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
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