CELEX: 32015M7511
Language: en
Date: 2015-03-06 00:00:00
Title: Commission Decision of 06/03/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7511 - BARCLAYS BANK / CNP BARCLAYS VIDA Y PENSIONES COMPANIA DE SEGUROS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 6.3.2015
                                        C(2015) 1613 final

                                        [pic]

                                        To the notifying party:

Dear Madam(s) and/or Sir(s),

Subject:    Case M.7511 - BARCLAYS BANK / CNP BARCLAYS VIDA Y PENSIONES COMPANIA DE SEGUROS
         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 11 February 2015, the European Commission received notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which Barclays Bank PLC ("Barclays", UK) acquires within the meaning of Article 3(1)(b) of the Merger  Regulation  control  of
    the whole of CNP Barclays Vida y Pensiones Compania de Seguros, S.A. ("CNP BVP", Spain) by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

      – for Barclays: worldwide provision of financial services including retail  and  commercial  banking,  credit  cards,  investment  banking,
        wealth management and investment management services.

      – for CNP BVP: provision of insurance and pension products in Spain, Portugal and Italy.

 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(c) and 5(d) 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 C 58, 18.2.2015, p. 13.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE