CELEX: 32019M9290
Language: en
Date: 2019-04-12 00:00:00
Title: Commission Decision of 12/04/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9290 - doBank, S.p.A. / Altamira Asset Management, S.A.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 12.04.2019
                                                                C(2019) 3014 final
                                                                        PUBLIC VERSION
                                                                To the notifying party:
Subject:        Case M.9290 – SOFTBANK GROUP / ALTAMIRA
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
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                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 21 March 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the undertaking
        doBank, S.p.A. (‘doBank’, Italy), solely controlled by the SoftBank Group Corp.
        (‘SoftBank Group’, Japan) acquires within the meaning of Article 3(1)(b) of the Merger
        Regulation sole control over the whole of the undertaking Altamira Asset Management
        S.A. (‘Altamira’, Spain), solely controlled by funds managed by Apollo Management, L.P.
        (‘Apollo’, United States) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for the SoftBank Group: global portfolio of subsidiaries and affiliates involved in
              advanced telecommunications, internet services, Internet of Things, robotics and clean
              energy technology and, through doBank, management of all the phases of the life-
              cycle of any type of loan through specialised modular and customised services,
              including the outsourced management of performing and non-performing loans.
             for Altamira: management of non-performing assets, including non-performing loans
              of all types (e.g. secured, unsecured, corporates, small and medium enterprises,
              individual, consumer finance, leasing) and management of real estate owned assets of
              various categories (e.g. residential, tertiary, development, land, commercial), for
              financial institutions, institutional investors and ‘bad bank’ owning non-performing
              assets or real estate assets.
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 117, 29.03.2019, p. 12.
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(c) 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)
                                                    Johannes LAITENBERGER
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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