CELEX: 32003M3120
Language: en
Date: 2003-06-12 00:00:00
Title: Commission Decision of 12/06/2003 declaring a concentration to be compatible with the common market (Case No COMP/M.3120 - ING / ENTRIUM) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

Avis juridique important

|

32003M3120

Commission Decision of 12/06/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3120 - ING / ENTRIUM) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 143 , 19/06/2003 P. 0003 - 0003

Commission Decision of 12/06/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3120 - ING / ENTRIUM) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)To the Notifying PartyDear Madam(s) and/or Sir(s),Subject: Case No. COMP/M.3120 - ING / ENTRIUM Notification of 12/05/2003 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 119, 21/05/2003, page 6[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 12 May 2003, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 by which the undertaking ING Groep N.V. («ING», NL) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Entrium Direct Bankers AG («Entrium», D) by way of purchase of shares.2. The business activities of the undertakings concerned are : - for ING:  financial services world-wide -  for Entrium:  retail banking in particular via telephone and internet, mainly in Germany 3. 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 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. 32.4. 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 MONTI Member of the Commission