CELEX: 32014M7430
Language: en
Date: 2014-11-19 00:00:00
Title: Commission Decision of 19/11/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7430 - FOSUN / CLUB MEDITERRANEE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 19.11.2014
                                        C(2014) 8834 final

|To the notifying party:                                            |                                                                   |
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Dear Madam(s) and/or Sir(s),

Subject:    Case M.7430 – Fosun / Club Méditerranée
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

1. On 22 October 2014, the Commission received a notification of a proposed concentration pursuant to Article 4 of  Council  Regulation  (EC)  No
   139/2004 by which Fosun International Limited ("Fosun") acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the
   whole of Club Méditerranée and its subsidiaries ("Club Med") by way of a public bid.[3]

2. The business activities of the undertakings concerned are:

    - Fosun: private equity investments;

    - Club Med: travel services.

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)
                                        Alexander ITALIANER
                                        Director General
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[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 C384, 30.10.2014, p. 3.
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[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE