CELEX: 32010M6065
Language: en
Date: 2010-12-14 00:00:00
Title: Commission Decision of 14/12/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.6065 - AXA PRIVATE EQUITY / CIR / KOS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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32010M6065

Commission Decision of 14/12/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.6065 - AXA PRIVATE EQUITY / CIR / KOS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

         (.PICT.) |EUROPEAN COMMISSION     |
            Brussels , 14.12.2010
             SG-Greffe(2010) D/20088/20087
            C(2010)9354  final
             PUBLIC VERSION
             MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
             SIMPLIFIED PROCEDURE
             To the notifying party 
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.6065 - AXA PRIVATE EQUITY / CIR / KOS  Notification of 17/11/2010 pursuant to Article 4 of Council Regulation (EC) No 139/2004  [1]  Publication in the Official Journal of the European Union No C 321, 26/11/2010, p.10
            1.  On 17 November 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 AXA Investment Managers Private Equity Europe SA ("AXA Private Equity", France) and Compagnie Industriali Riunite ("CIR", Italy) acquire within the meaning of Article 3(1)(b) of the  Merger Regulation joint control of the undertaking KOS S.p.A. (""KOS", Italy), by way of purchase of shares. 
            2.  The business activities of the undertakings concerned are:
            -  for AXA Private Equity: part of the AXA insurance and banking Group. It is active in asset management services.
            -  for CIR : energy, media, healthcare, automotive components and financial services.
            -  for KOS : healthcare services in Italy. 
            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 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.