CELEX: 32006M4121
Language: en
Date: 2006-03-22 00:00:00
Title: Commission Decision of 22/03/2006 declaring a concentration to be compatible with the common market (Case No COMP/M.4121 - ALLIANZ GROUP / SOFINIM / UNITED BROADCAST FACILITIES) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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32006M4121

Commission Decision of 22/03/2006 declaring a concentration to be compatible with the common market (Case No COMP/M.4121 - ALLIANZ GROUP / SOFINIM / UNITED BROADCAST FACILITIES) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |COMMISSION OF THE EUROPEAN COMMUNITIES     |
            Brussels , 22.03.2006
             SG-Greffe(2006) D/201206/7
             MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
             SIMPLIFIED PROCEDURE
             PUBLIC VERSION
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.4121 - Allianz Group/Sofinim/United Broadcast Facilities. 
             Notification of 20.02.2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004  [1]  Publication in the Official Journal of the European Union No. C 53 of 03.03.2006 page 04 
            1.  On 20.02.2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004, by which Allianz Capital Partner Gmbh (“ACP”, Germany), a company controlled by Allianz AG, Munich (“Allianz”),  and Sofinim N.V. (“Sofinim” Belgium) acquire, within the meaning of Article 3(1) (b) of the Council Regulation, joint control over United Broadcast Facilities (“UBF”, the Netherlands) by way of purchase of shares and assets and shareholders’ agreement.  
             The business activities of the undertakings concerned are:
              - for ACP:    investment vehicle;
              - for Allianz:  insurance and finance business;  
              - for Sofinim:    equity investments;
              - for UBF:  full service broadcast facility provision.
            2.  After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004 [2]  .  
            3.  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 (EC) No. 139/2004.
             For the Commission,  signed
             Neelie KROES Member of the Commission
            [1] OJ L 24, 29.1.2004 p. 1
            [2] OJ C 56, 05.3.2005 p.32