CELEX: 32022M10546
Language: en
Date: 2022-01-25 00:00:00
Title: Commission Decision of 25/01/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10546 - ICG / CEIT) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 25.1.2022
                                                                C(2022) 548 final
                                                                                 PUBLIC VERSION
                                                                Intermediate Capital Group plc
                                                                Procession House, 55 Ludgate Hill
                                                                EC4M 7JW London
                                                                United Kingdom
Subject:        Case M.10546 – ICG / CEIT
                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.      On 3 January 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by Intermediate Capital
        Group plc (‘ICG’, the United Kingdom) intends to acquire within the meaning of
        Article 3(1)(b) of the Merger Regulation sole control of the whole of CEIT S.p.A
        (‘CEIT’, Italy). The concentration is accomplished by way of purchase of shares. 3
2.      The business activities of the undertakings concerned are:
        −     for ICG: active in the structuring and provision of mezzanine finance, leveraged
              credit and equity investments in various companies worldwide,
        −     for CEIT: design, installation, construction, renovation, extension, and
              maintenance of infrastructure networks, mostly in the telecommunications sector
              and, to some extent, in the energy and transportation sectors.
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
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 12, 11.01.2022, 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---    paragraphs 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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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