CELEX: 32010M6011
Language: en
Date: 2010-11-29 00:00:00
Title: Commission Decision of 29/11/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.6011 - ATP / PFA / FOLKSAM SAK / FOLKSAM LIV /CPD / FIH GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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32010M6011

Commission Decision of 29/11/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.6011 - ATP / PFA / FOLKSAM SAK / FOLKSAM LIV /CPD / FIH GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

         (.PICT.) |EUROPEAN COMMISSION     |
            Brussels , 29.11.2010
             SG-Greffe(2010) D/18881-18885
             C(2010) 8630
             PUBLIC VERSION
             MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
             SIMPLIFIED PROCEDURE
             To the notifying parties: 
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.6011 - ATP/ PFA/ FOLKSAM SAK/ FOLKSAM LIV/ CPD/ FIH GROUP Notification of 29/11/2010 pursuant to Article 4 of Council Regulation (EC) No 139/2004  [1]  Publication in the Official Journal of the European Union No C 302,09/11/2010, p. 8
            1.  On 29.10.2010 the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004  by which the undertakings Arbejdsmarkedets Tillægspension ("ATP", Denmark), Pension forsikringsaktieselskab ("PFA", Denmark), Folksam ömsesidig livsförsäkring and Folksam ömsesidig sakförsäkring (together "Folksam Group", Sweden) and C.P. Dyvig & Co. A/S ("CPD", Denmark)  acquire within the meaning of Article 3(1)(b) of the  Merger Regulation joint control of the whole of the undertaking FIH Erhvervsbank A/S ("FIH", Denmark) by way of purchase of shares.
              
            2.  The business activities of the undertakings concerned are:
            -  for ATP : Pension provision,
            -  for PFA : Pensions and life insurance,
            -  for Folksam Group : life and non-life insurance,
            -  for CPD : financial advice, corporate finance, M&A advice, and equity investments,
            -  for FIH : Corporate Banking, Property Finance, Structured Finance, Capital Markets, M&A advice and investment banking.  
            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 [2]  .  
            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 European Commission, (signed) Alexander ITALIANER Director General
            [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 C 56, 5.3.2005, p. 32.