CELEX: 32021M10340
Language: en
Date: 2021-07-29 00:00:00
Title: Commission Decision of 29/07/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10340 - GOLDMAN SACHS / ADAPTEO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 29.07.2021
                                                                 C(2021) 5827 final
                                                                                 PUBLIC VERSION
                                                                 The Goldman Sachs Group, Inc.
                                                                 Plumtree Court
                                                                 25 Shoe Lane
                                                                 London EC4A 4AU
                                                                 United Kingdom
Subject:        Case M.10340 – GOLDMAN SACHS / ADAPTEO
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 2 July 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’, USA) intends to acquire within the meaning of
        Article 3(1)(b) of the Merger Regulation sole control of Adapteo Plc (‘Adapteo’,
        Finland). The concentration is accomplished by way of public bid announced on
        17 May 2021.3
2.      The business activities of the undertakings concerned are:
             for Goldman Sachs: global investment banking, securities and investment
              management. It provides a range of banking, securities and investment services
              worldwide;
             for Adapteo: modular space provider in Northern Europe, which builds, rents and
              sells temporary and permanent pre-fabricated modular building units for schools,
              day-care centres, elderly care homes, offices, temporary accommodation and
              events, as well as for customers within the governmental and healthcare sectors.
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 279, 13.7.2021, p. 11.
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(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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