CELEX: 32021M10024
Language: en
Date: 2021-02-09 00:00:00
Title: Commission Decision of 09/02/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10024 - BLACKSTONE / WINOA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 9.2.2021
                                                                C(2021) 983 final
                                                                                 PUBLIC VERSION
                                                                The Blackstone Group Inc.
                                                                345 Park Avenue
                                                                New York, NY 10154
                                                                United States of America
Subject:        Case M.10024 – BLACKSTONE / WINOA
                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.      Following a referral pursuant to Article 4(5) of the Merger Regulation, the European
        Commission received on 11 January 2021 notification of a proposed concentration
        pursuant to Article 4 of the same regulation by which The Blackstone Group Inc.
        (‘Blackstone’, United States of America) intends to acquire within the meaning of
        Article 3(1)(b) of the Merger Regulation sole control of Elastikos (France) SAS
        (together with its subsidiaries ‘Winoa’, France) (the “notified operation”). The
        notified operation is accomplished by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Blackstone: global alternative asset management.
             for Winoa: production and sale of metallic abrasives.
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
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 (the ‘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 21, 20.1.2021, p. 8.
4       OJ C 366, 14.12.2013, p. 5.
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--- 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
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