CELEX: 32021M10199
Language: en
Date: 2021-04-06 00:00:00
Title: Commission Decision of 06/04/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10199 - GOLDMAN SACHS / ADVANIA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 06.04.2021
                                                                C(2021) 2494 final
                                                                                 PUBLIC VERSION
                                                                The Goldman Sachs Group, Inc.
                                                                Plumtree Court, 25 Shoe Lane
                                                                EC4A 4AU - London
                                                                United Kingdom
Subject:        Case M.10199 - GOLDMAN SACHS / ADVANIA
                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 9 March 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Goldman
        Sachs Group, Inc. (“Goldman Sachs”, UK), acquires within the meaning of Article
        3(1)(b) of the Merger Regulation joint control over the whole of Advania AB
        (“Advania”, Sweden) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Goldman Sachs: a global investment banking, securities and investment
              management firm that provides a range of banking, securities and investment
              services worldwide to a client base that includes corporations, financial
              institutions, governments and high-net-worth individuals,
             for Advania: an information technology service corporation that offers integrated
              total solutions for the business community comprising software, hardware and
              maintenance and operation services. It provides a range of IT related services,
              platforms, cloud services, and support to multinational enterprises, governments,
              and businesses, both in the public and private sector.
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 90, 17.03.2021, 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--- 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 139/2004.4
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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