CELEX: 32005M4056
Language: en
Date: 2005-12-21 00:00:00
Title: Commission Decision of 21/12/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.4056 - HOCHTIEF AIRPORT / CDPQ / BUDAPEST AIRPORT) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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32005M4056

Commission Decision of 21/12/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.4056 - HOCHTIEF AIRPORT / CDPQ / BUDAPEST AIRPORT) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |COMMISSION OF THE EUROPEAN COMMUNITIES     |
            Brussels , 21.12.2005
             SG-Greffe(2005) D/207593/94
             MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
             SIMPLIFIED PROCEDURE
             PUBLIC VERSION
             Dear Madam(s) and/or Sir(s),
             Subject: Case No. COMP/M.4056 - HOCHTIEF AIRPORT / CDPQ / BUDAPEST AIRPORT Notification of 17.11.2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004  [1]  Publication in the Official Journal of the European Union No. C297, 29/11/2005, page 10
            1.  On 17.11.2005, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No. 139/2004 by which the undertakings HOCHTIEF AirPort GmbH (“HOCHTIEF AirPort”, Germany), controlled by HOCHTIEF Aktiengesellschaft, and Caisse de Dépôt et Placement du Québec („CDPQ”, Canada) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Budapest Airport Rt. („Budapest Airport”, Hungary) by way of purchase of shares. 
            2.  The business activities of the undertakings concerned are:
              - for HOCHTIEF AirPort: airport management services of Athens, Düsseldorf,   Hamburg, Sydney and Tirana airports;
              - for CDPQ: management of funds for public and private pension and insurance   funds;
              - for Budapest Airport: airport management services of the Budapest airport. 
            3.  After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph b, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004 [2]  .  
            4.  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 (EC) No. 139/2004.
             For the Commission,  signed
             Neelie KROES Member of the Commission
            [1] OJ L 24, 29.1.2004 p. 1
            [2] OJ C 56, 05.3.2005 p.32