CELEX: 32015M7595
Language: en
Date: 2015-09-30 00:00:00
Title: Commission Decision of 30/09/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7595 - TDR CAPITAL / LEASEPLAN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 29/09/2015
                                        C(2015) 6804 final

                                        [pic]

|To the notifying party:                                                |                                                                       |
|                                                                       |                                                                       |

Dear Sirs,

Subject:    Case M.7595 - TDR CAPITAL/ LEASEPLAN
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 04 September 2015, the European Commission received notification of a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which the undertaking TDR Capital LLP ("TDR", UK) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole
    control of LeasePlan Corporation N.V. ("LeasePlan", The Netherlands) by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

  – for TDR: TDR is a private equity firm with approximately EUR 5 000 million of commitments under management. Its strategy is to invest  in  a
    variety of sectors – mainly in the United Kingdom –, including motor fuels retail, gyms  and  health  clubs,  conveyor  car  washes,  vacant
    property services, modular construction, pubs and  restaurants,  debt  purchasing,  logistic  pallet  return,  coastal  transport  and  life
    insurance.

  – for LeasePlan: LeasePlan is a Netherlands-based fleet management and driver mobility company, currently indirectly owned by Volkswagen  A.G.
    and Fleet Investments B.V. LeasePlan's main business is in the sector of full fleet leasing and management services for passenger  cars  and
    light commercial vehicles (i.e. up to 3.5 tons).

 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]

 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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[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 301,12.09.2015, p. 15.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE