Document ID: docfile:66f49dba-c065-4430-b663-43c1c99736ee
Source Database: euc_mergers
Source URL: https://ec.europa.eu/competition/mergers/cases/decisions/m3353_en.pdf
Title: BANQUE POPULAIRE / DZ BANK / VR FACTOREM
Date: 2004-02-06T00:00:00.000+01:00
Metadata: {"caseNumber": "M.3353", "caseInstrument": "M", "caseTitle": "BANQUE POPULAIRE / DZ BANK / VR FACTOREM", "caseLastDecisionDate": "2004-02-05T23:00:00.000Z", "caseCompanies": ["BANQUE POPULAIRE / DZ BANK / VR FACTOREM"]}

EN

# Case No COMP/M.3353 - BANQUE POPULAIRE / DZ BANK  / VR FACTOREM

Only the English text is available and authentic.

#### **REGULATION (EEC) No 4064/89 MERGER PROCEDURE**

#### Article 6(1)(b) NON-OPPOSITION Date: 06/02/2004

#### Also available in the CELEX database Document No 304M3353

[^]: Office for Official Publications of the European Communities L-2985 Luxembourg

#### **COMMISSION OF THE EUROPEAN COMMUNITIES**

#### Brussels, 06.02.2004

#### SG-Greffe(2004) D/200508

#### **MERGER PROCEDURE ARTICLE 6(1)(b) DECISION**

#### **SIMPLIFIED PROCEDURE**

#### **PUBLIC VERSION**

**To the notifying parties**

Dear Madam and Sirs,

**Subject: Case No. COMP/M.3353 - Banque Populaire/ DZ Bank/ VR Factorem Notification of 06.01.2004 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89, as last amended by Regulation (EC) No 1310/97 Publication in the Official Journal of the European Union No. C 12, 16.01.2004, page 5**

    On 6 January 2004, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89, as last amended by Regulation (EC) No 1310/97, by which the undertakings Natexis Factorem SA (ìNatexis Factoremî) controlled by the French Banque Populaire Group (ìBanque Populaireî) and VR Leasing AG (ìVR Leasingî) controlled by the German DZ Bank AG (ìDZ Bankî) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the German undertaking VR Factorem GmbH (ìVR Factoremî) by way of purchase of shares.

[^1]: OJ L 395, 30.12.1989 p. 1; corrigendum: OJ L 257, 21.9.1990, p. 13.

[^2]: OJ L 180, 9. 7. 1997, p. 1; corrigendum OJ L 40, 13.2.1998, p. 17.

[^]: Commission europÈenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.

The business activities of the undertakings concerned are:

    - for undertaking Natexis Factorem: factoring

    - for undertaking Banque Populaire: financial services

    - for undertaking VR Leasing: leasing and complementary services

    - for undertaking DZ Bank: financial services

    for undertaking VR Factorem: factoring.

    After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, subparagraph a of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89.

For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EEC) No. 4064/89.

For the Commission Mario MONTI, signed Member of the Commission

[^3]: OJ C 217, 29.07.2000, p. 32.

[^]: 2