CELEX: 32021M10312
Language: en
Date: 2021-06-28 00:00:00
Title: Commission Decision of 28/06/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10312 - ASTORG ASSET MANAGEMENT / SOLINA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 28.6.2021
                                                                C(2021) 4892 final
                                                                                 PUBLIC VERSION
                                                                Astorg Asset Management S.à.r.l.
                                                                2 rue Albert Borschette
                                                                1246, Luxembourg
                                                                Grand-Duchy of Luxembourg
Subject:        Case M.10312 – ASTORG ASSET MANAGEMENT / SOLINA
                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 4 June 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking Astorg Asset Management S.à.r.l. (‘Astorg’, Luxembourg) acquires
        within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the
        undertaking Solina Corporate S.A.S. (‘Solina’, France) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
              for Astorg: private equity investments. The funds managed by Astorg have
                 invested in a broad range of industries,
              for Solina: supply of aromatic and functional ingredients for the food
                 processing industry, as well as for catering and retail food service customers,
                 and in the nutrition industry.
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 (‘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 222, 11.6.2021, p. 27.
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(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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