CELEX: 32015M7735
Language: en
Date: 2015-09-15 00:00:00
Title: Commission Decision of 15/09/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7735 - FOSUN / BHF-KB) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 15.09/2015
                                        C(2015) 6454 final

                                        [pic][pic]

To the notifying party:

Dear Sirs,

Subject:    Case M.7735 - FOSUN/ BHF-KB
         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 21 August 2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger  Regulation
    by which Fosun International Limited ("Fosun", China) acquires within the meaning of Article 3(1)(b) of the Merger Regulation, sole  control
    of BHF Kleinwort Benson Group SA ("BHF-KB", Belgium) by way of a contested bid.[3]

 2. The business activities of the undertakings concerned are:

  – for Fosun: private equity investor,  active in insurance and banking, in the  industrial  sector  (pharmaceuticals,  healthcare,  steel  and
    mining), as well as in investment and asset management, mainly in China.

  – for BHF-KB: parent company of a financial services group, active in wealth  management, asset management, private and corporate  banking  in
    the UK, Ireland, Channel Islands, Isle of Man and Germany.

 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)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)

                                        Johannes LAITENBERGER
                                        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 283, 28.08.2015, p. 2.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE