CELEX: 32001M2395
Language: en
Date: 2001-05-08 00:00:00
Title: COMMISSION DECISION of 08/05/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2395 - MORGAN GRENFELL/WHITBREAD) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32001M2395

COMMISSION DECISION of 08/05/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2395 - MORGAN GRENFELL/WHITBREAD) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 172 , 16/06/2001 P. 0020 - 0020

COMMISSION DECISION of 08/05/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2395 - MORGAN GRENFELL/WHITBREAD) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)Brussels, 8/5/2001SG (2001) D/288460To the notifying party Dear Madam(s) and/or Sir(s),Subject: Case No. COMP/M. 2395 - Morgan Grenfell/Whitbread Notification of 30.03.2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C107, 07.04.2001, page 11[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 30.03.2001, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the undertaking Morgan Grenfell Private Equity Limited ("MGPE"), controlled by Deutsche Bank AG, acquires within the meaning of Article 3(1)(b) of the Council Regulation control of part of the undertaking Whitbread Holdings PLC by way of purchase of shares in a newly created company ("Newco").2. The business activities of the undertakings concerned are : - for MGPE : international private equity investment management;  - for Whitbread Holdings PLC : hotels, health and fitness clubs, restaurants, pubs and bars and branded drinks in the UK; and - for Newco : pubs and bars in the UK.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. 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 CommissionSigned,  Mario MONTI Member of the Commission