CELEX: 32019M9436
Language: en
Date: 2019-08-27 00:00:00
Title: Commission Decision of 27/08/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9436 - Intermediate Capital Group PLC / Predica / Groupe OCEA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 26.8.2019
                                                                C(2019) 6298 final
                                                                                      PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9436 - ICG / PREDICA / OCEA GROUP
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 31 July 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Intermediate
        Capital Group plc (‘ICG’, United Kingdom) and Prévoyance Dialogue du Crédit Agricole
        S.A. (‘Predica’, France), belonging to the Crédit Agricole Group acquire within the
        meaning of Article 3(1)(b) of the Merger Regulation joint control over the whole of the
        Groupe OCEA and its wholly-owned subsidiary OCEA Smart Building (together ‘OCEA
        Group’, France) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
              for ICG: a UK-based asset manager, active in the structuring and provision of
                 mezzanine finance, leveraged credit and private equity in Europe, Asia Pacific and
                 the US,
              for Predica: a French life and health insurance company belonging to the Crédit
                 Agricole Group that offers a wide range of banking-related services mostly in
                 France,
              for OCEA Group: a French group mainly active in the sector for fluids and energy
                 management solutions for social housing and condominiums. OCEA Group
                 operates exclusively in France.
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
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 264, 6.08.2019, p. 8.
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---    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
4  OJ C 366, 14.12.2013, p. 5.
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