CELEX: 32019M9258
Language: en
Date: 2019-02-19 00:00:00
Title: Commission Decision of 19/02/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9258 - ANTA Sports Products Limited / FountainVest China Capital Partners GP3 Ltd. / Amer Sports Oyj) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 19.02.2019
                                                                C(2019) 1529 final
                                                                        PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9258 - ANTA SPORTS PRODUCTS / FOUNTAINVEST CHINA
                CAPITAL PARTNERS GP3 / AMER SPORTS
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 17 January 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which ANTA Sports
        Products Limited (‘ANTA’, Hong Kong) and FountainVest China Capital Partners GP3
        Ltd. (‘FountainVest’, Cayman Islands) acquire within the meaning of Article 3(1)(b) of the
        Merger Regulation joint control of Amer Sport Oyj (‘Amer Sports’, Finland).3
2.      The business activities of the undertakings concerned are:
              for ANTA: development, manufacturing and marketing of ANTA sportswear series
                 for the mass market in China of professional sporting products including footwear,
                 apparel and accessories,
              for FountainVest: private equity firm with a focus on investing in industry leading
                 enterprises with significant growth potential. FountainVest has investments in
                 consumer retail, media & technology, healthcare and industrials businesses,
              for Amer Sports: development, manufacturing and marketing of sporting goods
                 company with internationally recognized brands including Salomon, Wilson,
                 Atomic, Arc’teryx, Mavic, Suunto and Precor.
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 31, 25.01.2019, p. 9.
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)
                                                    Johannes LAITENBERGER
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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