CELEX: 32002M2709
Language: en
Date: 2002-02-22 00:00:00
Title: Commission Decision of 22/02/2002 declaring a concentration to be compatible with the common market (Case No COMP/M.2709 - ING / DIBA) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32002M2709

Commission Decision of 22/02/2002 declaring a concentration to be compatible with the common market (Case No IV/M.2709 - ING / DIBA) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 065 , 14/03/2002 P. 0013 - 0013

Commission Decision of 22/02/2002 declaring a concentration to be compatible with the common market (Case No IV/M.2709 - ING / DIBA) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 22/02/2002SG (2002) D/228603To the notifying party Dear Madam(s) and/or Sir(s),Subject: Case No. COMP/M.2709 - ING/DiBa Notification of 21/01/2002 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 24 of 26.1.2002, p.4[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 21/01/2002, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the Dutch undertaking ING Groep N.V. ("ING") acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the German undertaking Allgemeine Deutsche Direktbank AG ("DiBa") by way of purchase of shares.2. The business activities of the undertakings concerned are: - for ING:  banking, insurance, asset management - for DiBa: direct bank3. 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