CELEX: 32014M7305
Language: en
Date: 2014-08-01 00:00:00
Title: Commission Decision of 01/08/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7305 - TDR CAPITAL / DELEK EUROPE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 1.8.2014
                                        C(2014) 5649 final

                                        |To the notifying party:                                     |                                                                   |

Dear Madam(s) and/or Sir(s),

Subject:    Case M.7305 – TDR CAPITAL/ DELEK EUROPE
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 9 July 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger  Regulation  by
    which the undertaking TDR Capital LLP (“TDR”, UK) via a newly-incorporated company  DEL  Acquisitions  B.V.  ("DEL",  the  Netherlands)  will
    acquire sole control of the undertaking Delek Europe B.V. (“Delek Europe”, the Netherlands) by way of purchase of shares[2].

 2. The business activities of the undertakings concerned are:

      -     TDR is a private equity firm which invests – mainly in the UK – in a variety of sectors  including  gyms  and  health  clubs,  vacant
           property services, modular construction, pubs and restaurants, debt purchasing, logistic pallet return and life assurance;

      -     Delek Europe is the parent company of a number of subsidiaries through which it operates in the fuel  marketing  operations  business
           in Belgium, France, Luxembourg and the Netherlands. It also  supplies  fuels  in  bulk  and  lubricants  to  wholesalers,  industrial
           customers and transportation companies in the Benelux region.

 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(b) 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 227, 17.07.2014, p.19.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE