CELEX: 32004M3340
Language: en
Date: 2004-01-15 00:00:00
Title: Commission Decision of 15/01/2004 declaring a concentration to be compatible with the common market (Case No COMP/M.3340 - BLACKSTONE / APAX / SULO) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32004M3340

Commission Decision of 15/01/2004 declaring a concentration to be compatible with the common market (Case No IV/M.3340 - BLACKSTONE / APAX / SULO) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 028 , 31/01/2004 P. 0010 - 0010

Commission Decision of 15/01/2004 declaring a concentration to be compatible with the common market (Case No IV/M.3340 - BLACKSTONE / APAX / SULO) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)To the notifying parties Dear Sirs,Subject: Case No. COMP/M.3340 - Blackstone / Apax / SULO Notification of 4 December 2003 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 301 of 12/12/2003, page 9[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. 17.1. On 4 December 2003, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the undertakings Blackstone Capital Partners IV Merchant Banking Fund L.P. («Blackstone», USA), belonging to the Blackstone Group, and Apax Europe V L.P. («Apax», Guernsey, Channel Islands) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the whole of the undertakings of the SULO group («SULO», Germany) by way of purchase of shares in a newly created company constituting a joint venture.2. The business activities of the undertakings concerned are :  - for Blackstone: Financial advisory services, private equity investing and property investing, - for Apax: Investment partnerships with shareholdings in a range of industries, - for SULO: Environmental technology (bin systems), environmental services (collection and recycling of waste) and industrial packaging (steel and plastic drums).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 (b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [3].  [3]   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 CommissionSigned by Mario MONTI Member of the Commission