CELEX: 32021M10125
Language: en
Date: 2021-02-18 00:00:00
Title: Commission Decision of 18/02/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10125 - GBL / CANYON) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 18.2.2021
                                                                C(2021) 1212 final
                                                                                 PUBLIC VERSION
                                                                Groupe Bruxelles Lambert SA
                                                                Avenue Marnix 24
                                                                1000 Brussels
                                                                Belgium
Subject:         Case M.10125 — GBL/Canyon
                 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 27 January 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Groupe
        Bruxelles Lambert SA (“GBL”, Belgium) acquire(s) within the meaning of
        Article 3(1)(b) of the Merger Regulation sole control of the whole of Canyon Bicycles
        GmbH (“Canyon”, Germany) by way of purchase of shares. 3
2.      The business activities of the undertakings concerned are:
        −     for GBL: investing in global companies operating in various sectors, mainly in
              Europe, as an investment holding company,
        −     for Canyon: developing, producing and distributing mountain bikes, road bikes,
              triathlon bikes, urban bikes and commuter bikes as well as related
              components/parts, bike accessories and apparel.
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 39, 4.2.2021, p. 23.
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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