CELEX: 32020M9799
Language: en
Date: 2020-04-17 00:00:00
Title: Commission Decision of 17/04/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9799 - GOLDMAN SACHS / SUMMA EQUITY / ECOONLINE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 17.4.2020
                                                                C(2020) 2567 final
                                                                                PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9799 — Goldman Sachs/Summa Equity/EcoOnline
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 20 March 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which The Goldman
        Sachs Group Inc. (‘Goldman Sachs’, United States of America) and Summa Equity
        AB (‘Summa Equity’, Sweden) acquire within the meaning of Article 3(1)(b) and of
        Article 3(4) of the Merger Regulation joint control over the whole of EcoOnline AS
        (‘EcoOnline’, Norway) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     for Goldman Sachs: a global investment banking, securities and investment
              management firm.
        −    for Summa Equity: a private equity fund that focuses on investment in the mid-
             cap segment in Northern Europe.
        −    for EcoOnline: a company that provides health and safety software and services
             related thereto.
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 L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C102, 30.03.2020, p. 10.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 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 139/2004.4
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 and Article 57 of
   the EEA Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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