CELEX: 32005M3791
Language: en
Date: 2005-05-12 00:00:00
Title: Commission Decision of 12/05/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.3791 - PAI / COIN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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32005M3791

Commission Decision of 12/05/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.3791 - PAI / COIN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |COMMISSION OF THE EUROPEAN COMMUNITIES     |
            Brussels , 12.05.2005
             SG-Greffe(2005) D/202123
             PUBLIC VERSION
             MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
             SIMPLIFIED PROCEDURE
              To the notifying parties
             Dear Sirs,
             Subject: Case No. COMP/M.3791-PAI/COIN Notification of 06.04.2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004  [1]  Publication in the Official Journal of the European Union No. C88, 12.04.2005, page 4.
             1. On 06.04.2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking PAI Partners S.A.S. (“PAI”, France)  acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Gruppo Coin S.p.A. (“Gruppo Coin”, Italy) by way of purchase of shares.
             2. The business activities of the undertakings concerned are:
              - PAI: provision of investment and management advice and management of investment funds
              - Gruppo Coin: retail distribution of clothing, underwear and accessories (including home decoration, perfumes and beauty products) in Italy
             3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph b of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004 [2]  .  
             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 (EC) No. 139/2004.
             For the Commission
             (signed)
             Neelie KROES Member of the Commission
            [1] OJ L 24, 29.1.2004 p. 1
            [2] OJ C 56, 05.3.2005 p.32