CELEX: 32000M2145
Language: en
Date: 2000-10-27 00:00:00
Title: Commission Decision of 27/10/2000 declaring a concentration to be compatible with the common market (Case No IV/M.2145 - 27/10/2000) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32000M2145

Commission Decision of 27/10/2000 declaring a concentration to be compatible with the common market (Case No IV/M.2145 - 27/10/2000) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 160 , 02/06/2001 P. 0046 - 0046

Commission Decision of 27/10/2000 declaring a concentration to be compatible with the common market (Case No IV/M.2145 - 27/10/2000) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)Brussels, 27/10/2000SG(2000) D/ 107965To the notifying partiesDear Sirs,Subject: Case No. COMP/M.2145 - Apollo Group / Shell Resins Business  Notification of 27.09.2000 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1][1]   OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17.  Publication in the Official Journal of the European Communities No. C 282, 05.10.2000 page 3.1.  On 27 September 2000, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the undertaking Apollo Group ("Apollo") [USA] acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the resins business of the  undertaking Royal Dutch/ Shell group (Royal Dutch/Shell) [Netherlands] by way of a purchase of shares.2. Apollo is comprised of numerous discrete private equity closed-end investment funds which control companies involved in the provision of various services. The Shell Resins Business is part of the Royal Dutch/Shell group and produces epoxy resins, which are a family of thermosetting polymers. Apollo and the Shell Resins Business do not operate in the same economic sector.  Apollo does not have an interest in, nor control of any company active in the epoxy resins market, nor is it active in any neighbouring market, whether vertical or horizontal.3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of section 4 (b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2] since Apollo intends to acquire the Resins Business of Royal Dutch/Shell and neither party to the concentration is engaged in business activities in the same product and geographical market or in a product which is upstream or downstream of a product market in which the other party to the concentration is engaged.[2]   OJ C 217, 29.07.2000, p. 32.4. To the extent that restrictions specified by the parties are directly related and necessary to the implementation of the concentration, these restrictions are covered pursuant to Article 6(1)(b), second subparagraph, of Council Regulation (EEC) No. 4064/89.5. 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 (EEC) No. 4064/89.   For the Commission,