CELEX: 32001M2656
Language: en
Date: 2001-12-07 00:00:00
Title: Commission Decision of 07/12/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2656 - CINVEN / KLÖCKNER PENTAPLAST) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32001M2656

Commission Decision of 07/12/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2656 - CINVEN / KLÖCKNER PENTAPLAST) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 363 , 19/12/2001 P. 0030 - 0030

Commission Decision of 07/12/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2656 - CINVEN / KLÖCKNER PENTAPLAST) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)To the notifying partiesDear Sirs,Subject : Case No COMP/M. 2656 - CINVEN/KLÖCKNERNotification of 06.11.2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 319 of 14.11.2001. [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. 17.1. On 06.11.2001, the Commission received a notification of a proposed concentration by which Cinven Ltd. ("Cinven"), belonging to Cinven Group Ltd, will acquire within the meaning of Art. 3(1)(b) of the Merger Regulation control of the Klöckner Pentaplast Group ("Klöckner"), consisting of Klöckner Pentaplast GmbH (the Group's European activities) and Klöckner Capital Corporation Inc. (the Group's North and South American activities), by way of a purchase of shares.2. The business activities of the undertakings concerned are : for Cinven: venture capital financing for Klöckner: rigid and flexible plastic films (including sheets)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 [2].  [2]   OJ C 217, 29.07.2000, p. 32.4. 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,(Signed)Mario MontiMember of the Commission