CELEX: 32012M6516
Language: en
Date: 2012-05-04 00:00:00
Title: Commission Decision of 04/05/2012 declaring a concentration to be compatible with the common market (Case No COMP/M.6516 - SUMITOMO MITSUI FINANCIAL GROUP / RBS AVIATION CAPITAL GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32012M6516

Commission Decision of 04/05/2012 declaring a concentration to be compatible with the common market (Case No COMP/M.6516 - SUMITOMO MITSUI FINANCIAL GROUP / RBS AVIATION CAPITAL GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION     |
            Brussels , 04.05.2012
             PUBLIC VERSION C(2012) 3119
             SIMPLIFIED MERGER PROCEDURE
            To the notifying party: | |
             | |
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.6516 - SUMITOMO MITSUI FINANCIAL GROUP/ RBS AVIATION CAPITAL GROUP  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004  [1]  
             1. On 04.04.2012, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Sumitomo Mitsui Financial Group, ("SMFG", Japan) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of  RBS Aviation Capital Group (''RBS AC"), comprising RBS Aerospace Ltd. (Ireland), RBS Aerospace UK Ltd., (United Kingdom) and RBS Aerospace Leasing Pty Ltd., (Australia), three wholly owned subsidiaries of The Royal Bank of Scotland, by way of purchase of shares. [2]  
             2. The business activities of the undertakings concerned are:
              - for SMFG: corporate, retail and investment banking;
              - for RBS AC: commercial aircraft leasing and related activities.
             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 [3]  .  
             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.
             For the Commission (Signed) Alexander ITALIANER Director General
            [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]  Publication in the Official Journal of the European Union No C108, 14.4.2012, p. 7.
            [3] OJ C 56, 5.3.2005, p. 32.