Commission Decision of 05/02/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2285 - 4* SCHRODER VENTURES LIMITED/ HOMEBASE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 049 , 15/02/2001 P. 0005 - 0005 Brussels, 05.02.2001 SG(2001)D / 285872 To the notifying party Dear Madam(s) and/or Sir(s), Subject: Case No. COMP/M. 2285-SCHRODER VENTURES LIMITED/HOMEBASE Notification of 22.12.2000 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No.
C 9 of 12.01.2001, page 7. 1. On 22.12.2000, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 [2] by which the undertaking Schroder Ventures Limited ("Schroder", Channel Islands), through its special purpose vehicle Tudorbay Limited (UK), acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Homebase (UK) by way of purchase of shares. 2. The business activities of the undertakings concerned are : - for Schroder : management, advisory and consultancy services to buy-outs and venture capital funds; - for Homebase : sale of repair, maintenance and improvement products for the home, mainly Do-It-Yourself and home enhancement products.
3. 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 b, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [3]. 4. To the extent that restrictions specified by the parties are directly related and necessary to the implementation of the concentration, these restrictions are covered pursuant to Article 6(1)(b), second subparagraph, of Council Regulation (EEC) No. 4064/89. 5. 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, signed: Mario Monti Member of the Commission [1] OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17. [2] OJ L 395, 30.12.1989 p. 1; corrigendum OJ L 257 of 21.9.1990, p. 13; Regulation as last amended by Regulation (EC) No 1310/97 (OJ L 180, 9. 7. 1997, p. 1, corrigendum OJ L 40, 13.2.1998, p. 17). [3] OJ C 217, 29.07.2000, p. 32. --------------------------------------------------