CELEX: 32001M2368
Language: en
Date: 2001-03-16 00:00:00
Title: Commission Decision of 16/03/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2368 - GILDE / CAPVIS / SOUDRONIC) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32001M2368

Commission Decision of 16/03/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2368 - GILDE / CAPVIS / SOUDRONIC) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 105 , 05/04/2001 P. 0032 - 0032

Commission Decision of 16/03/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2368 - GILDE / CAPVIS / SOUDRONIC) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)Brussels, 16.03.2001 To the notifying partiesDear Madam and Sir,Subject: Case No. COMP/M.2368 - GILDE/CAPVIS/SOUDRONIC  Notification of 16.02.2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1][1]   OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17.  Publication in the Official Journal of the European Communities No. C 58 of 23.02.2001.1. On 16.02.2001, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 [2] by which the undertakings Gilde Buy-Out Fund II B.V. ("Gilde") belonging to the group Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank, Netherlands) and CapVis (C.I.) Ltd. ("CapVis", Channel Islands), belonging to the Union Bank of Switzerland group ("UBS") group, acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Soudronic Holding AG ("Soudronic", Switzerland) by way of purchase of shares in a newly created company constituting a joint venture.[2]  OJ L 395, 30.12.1989 p. 1; corrigendum OJ L 257 of 21.9.1990, p. 13; Regulation as last amended by Regulation (EC) No 1310/97 (OJ L 180, 9. 7. 1997, p. 1, corrigendum OJ L 40, 13.2.1998, p. 17).2. The business activities of the undertakings concerned are: - for Gilde: venture capital fund - for Rabobank: banking and financial services - for CapVis: private equity organisation - for UBS: banking - for Soudronic: manufacture of metal packaging production systems, production of machinery for welding of metal parts and components.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. To the extent that restrictions specified by the parties are directly related and necessary to the implementation of the concentration, these restrictions are covered pursuant to Article 6(1)(b), second subparagraph, of Council Regulation (EEC) No. 4064/89.5. 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 Commission,    Mario Monti   Member of the Commission