CELEX: 32013M7071
Language: en
Date: 2013-11-08 00:00:00
Title: Commission Decision of 08/11/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7071 - TELENOR / SCHIBSTED / SINGAPORE PRESS HOLDINGS / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 8.11.2013
                                        C(2013) 7728 final

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To the notifying parties

Subject:    Case No COMP/M.7071 – TELENOR/ SCHIBSTED/ SINGAPORE PRESS HOLDINGS/ JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 11 October 2013, the European Commission received a notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which the undertakings Telenor ASA (''Telenor'', Norway) and Schibsted ASA (''Schibsted'', Norway) acquire within  the  meaning
    of Article 3(1)(b) of the Merger Regulation joint control of the undertaking SnT Classifieds ANS (''SnT'', Norway)  by  way  of  purchase  of
    shares in a newly created company, and by which the undertakings Telenor, Schibsted and Singapore  Press  Holdings  Ltd  (Singapore)  acquire
    within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking 701 Search Pte Ltd  (Singapore),  by  way  of
    purchase of shares[2].

 2. The acquisition of joint control by two undertakings – Telenor and Schibsted, of one undertaking – SnT, and the acquisition of joint  control
    by the same two undertakings – Telenor and Schibsted, together  with  a  third  undertaking  –  Singapore  Press  Holdings  Ltd,  of  another
    undertaking – 701 Search Pte Ltd are interdependent transactions that constitute a single concentration[3].

 3. The business activities of the undertakings concerned are:

      -     for Telenor: provider of telecommunications and related services in Norway, Denmark, Sweden, Hungary and internationally;

      -     for Schibsted: international media group;

      -     for Singapore Press Holdings Limited: South Asian media organisation;

      -     for 701 Search Pte Ltd: provision of online classified services in Asia.

 4. 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(a) of the Commission Notice on a simplified procedure for treatment of  certain  concentrations  under  Council
    Regulation (EC) No 139/2004[4].

 5. 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, C 301, 17.10.2013, p.16.

[2]   This is comparable with the situation foreseen in point 42 of the Commission Consolidated Jurisdictional Notice  under  Council  Regulation
      (EC) No 139/2004 on the control of concentrations between undertakings (OJ C 95, 16.4.2008, p. 1).  Point  42  states  that  interdependent
      transactions constitute a single concentration where, as a result of the transactions, the same undertaking ultimately  acquires  sole  and
      joint control of other undertakings.

[3]   OJ C 56, 5.3.2005, p. 32.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE