CELEX: 32003M3053
Language: en
Date: 2003-02-04 00:00:00
Title: Commission Decision of 04/02/2003 declaring a concentration to be compatible with the common market (Case No COMP/M.3053 - BLACKSTONE GROUP / TRW AUTOMOTIVE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32003M3053

Commission Decision of 04/02/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3053 - BLACKSTONE GROUP / TRW AUTOMOTIVE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 033 , 12/02/2003 P. 0007 - 0007

Commission Decision of 04/02/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3053 - BLACKSTONE GROUP / TRW AUTOMOTIVE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)To the notifying partyDear Madam(s) and/or Sir(s),Subject: Case No COMP/M.3053 - BLACKSTONE GROUP/TRW AUTOMOTIVE Notification of 20 December 2002 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C5, p. 4 of 10/01/2003.[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. 17.1. On 20/12/2002, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 by which the US undertaking The Blackstone Group L.P. ("Blackstone") acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking TRW Automotive Business, which is part of the Northrop Grumman group, by way of purchase of assets.2. The business activities of the undertakings concerned are: - for Blackstone: financial advisory services, private equity investing and property investing; - for TRW Automotive Business: production and distribution of automotive components. 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 paragraph 4, subparagraphs (b) and (c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2].  [2]   OJ C 217, 29.07.2000, p. 32.4. 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(signed) Mario MONTI Member of the Commission