CELEX: 32021M10359
Language: en
Date: 2021-08-09 00:00:00
Title: Commission Decision of 09/08/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10359 - CARSALES HOLDINGS / GOLDMAN SACHS / EURAZEO / OPEN ROAD) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 09.08.2021
                                                                 C(2021) 6025 final
                                                                                 PUBLIC VERSION
                                                                 carsales Holdings US, LLC
                                                                 1209 Orange Street
                                                                 Delaware 19801-Wilmington
                                                                 United States of America
Subject:        Case M.10359 - CARSALES HOLDINGS / GOLDMAN SACHS /
                EURAZEO / OPEN ROAD
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 14 July 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Carsales
        Holdings US, LLC (USA), controlled by carsales.com Limited (“Carsales”, Australia),
        The Goldman Sachs Group (“Goldman Sachs”, USA) and Eurazeo SE (“Eurazeo”,
        France), acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger
        Regulation joint control over the whole of Open Road Parent, LLC (“Open Road”,
        USA) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Carsales: online automotive, motorcycle and marine classifieds business based
              in Australia with operations across the Asia Pacific region,
             for Goldman Sachs: provision of global investment banking, securities and
              investment management services to corporations, financial institutions,
              governments and high-net-worth individuals,
             for Eurazeo: a global investment group with a diversified portfolio and focus on
              three asset classes: private equity, private debt and real estate,
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       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 292, 22.07.2021, p.2.
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---        for Open Road, through its subsidiary Trader Interactive, LLC (USA): online
        marketplaces and related digital marketing solutions in the United States for the
        sale of vehicles and equipment.
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(a) and (b) 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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