CELEX: 32013M7070
Language: en
Date: 2013-12-16 00:00:00
Title: Commission Decision of 16/12/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7070 - GESTAMP EOLICA / BANCO SANTANDER / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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                                        Brussels, 16.12.2013
                                        C(2013) 9581 final

                                        To the notifying parties

Dear Madam(s) and/or Sir(s),

Subject:    Case No COMP/M.7070 - GESTAMP EOLICA/ BANCO SANTANDER/ JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 18.11.2013, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation  by
    which the undertakings Gestamp Eolica S.L. (Spain) controlled by  Corporación  Gestamp,  S.L.  (Spain),  and  Banco  Santander  S.A.  (Spain)
    acquire within the meaning of Article 3(1)(b) of the  Merger Regulation joint control of a newly created joint venture ("JV", Spain)  by  way
    of purchase of shares[2].

 2. The business activities of the undertakings concerned are:

      -     for Gestamp Eolica: development, financing, construction and management of wind technology energy facilities worldwide.

      -     for Banco Santander : holding company of an international group of banking and finance companies operating worldwide.

      -     for JV: operation of wind technology energy projects in Europe.

 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)(i) and 5(c)(ii) 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

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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]   Publication in the Official Journal of the European Union No C 346, 27.11.2013, p.52.

[3]   OJ C 56, 5.3.2005, p. 32.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE