CELEX: 32004M3371
Language: en
Date: 2004-03-10 00:00:00
Title: Commission Decision of 10/03/2004 declaring a concentration to be compatible with the common market (Case No COMP/M.3371 - BLACKSTONE / CELANESE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

Important legal notice

|

32004M3371

Commission Decision of 10/03/2004 declaring a concentration to be compatible with the common market (Case No IV/M.3371 - BLACKSTONE / CELANESE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 066 , 16/03/2004 P. 0006 - 0006

		Brussels, 10.03.2004SG-Greffe(2004) D/200951To the notifying party viathe legal representativeDear Sirs,Subject: Case No. COMP/M.3371 – BLACKSTONE/CELANESENotification of 09.02.2004 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1], as last amended by Regulation (EC) No 1310/97 [2]Publication in the Official Journal of the European Union No. C 39, 13/02/2004, page 5.1. On 09.02.2004, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which which the undertaking Blackstone (“Blackstone”, USA) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Celanese AG (“Celanese”, Germany) by way of public bid announced on 02.02.2004.2. The business activities of the undertakings concerned are:- for Blackstone: Merchant-banking firm. Financial advisory services, private equity investing and property investment.- for Celanese: Industrial chemicals.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 [3].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 Commission, signedMario MONTIMember of the Commission[1] OJ L 395, 30.12.1989 p. 1; corrigendum: OJ L 257, 21.9.1990, p. 13.[2] OJ L 180, 9. 7. 1997, p. 1; corrigendum OJ L 40, 13.2.1998, p. 17.[3] OJ C 217, 29.07.2000, p. 32.--------------------------------------------------