CELEX: 32020M9838
Language: en
Date: 2020-06-11 00:00:00
Title: Commission Decision of 11/06/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9838 - ALTOR FUND MANAGER / ELEDA / JVAB) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 11.6.2020
                                                                C(2020) 4024 final
                                                                                 PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9838 – ALTOR FUND MANAGER / ELEDA / JVAB
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 13 May 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Altor Fund
        Manager AB (‘Altor Fund Manager‘, Sweden) acquires within the meaning of Article
        3(1)(b) of the Merger Regulation sole control of Eleda Group Holding AB (‘Eleda’,
        Sweden) and JV Partners AB (‘JVAB’, Sweden). The concentration is accomplished
        by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Altor Fund Manager: private equity fund focused on investments in the mid-
              market segment of the Nordic region as well as investments in the German
              speaking region,
             for Eleda: provision of civil engineering, contracting and other services in
              infrastructure, mainly across southern and central parts of Sweden,
             for JVAB: focused on contracts within the segments land and road, water and
              sewerage and civil engineering in the Stockholm region.
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
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 (the ‘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 176, 26.5.2020, p. 6.
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---    paragraph 5(c) of 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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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