CELEX: 32014M7156
Language: en
Date: 2014-03-05 00:00:00
Title: Commission Decision of 05/03/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7156 - WEX / RADIUS / EUROPEAN FUEL CARD BUSINESS OF ESSO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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                                        Brussels, 05.03.2014
                                        C(2014) 1583 final

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To the notifying party:

Dear Sir/Madam,

Subject:    Case COMP/M.7156 WEX / RADIUS / EUROPEAN FUEL CARD BUSINESS OF ESSO
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 10 February 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation
    by which Wright Express International Holdings Limited, ultimately controlled by WEX Inc. ("WEX", US) and Radius  Payment  Solutions  Limited
    ("Radius", UK) acquire within the meaning of Article 3(1)(b) of the  Merger Regulation joint control  of  the  existing  European  Fuel  Card
    Business of Esso (the "Target Business") by way purchase of shares and assets.

 2. The business activities of the undertakings concerned are:

      -     for WEX: provision of corporate card payment solutions, in particular, fleet vehicle payment processing services as well  as  virtual
           and paycard products;

      -     for Radius: sale and management of fuel cards;

      -     for the Target Business: sale and management of fuel cards[2].

 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 6 of the Commission Notice on a simplified procedure  for  treatment  of  certain  concentrations  under
    Council Regulation (EC) No 139/2004[3].

 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.

                                        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]   Publication in the Official Journal of the European Union No C 47, 19.02.2014, p. 7.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE