COMMISSION DECISION of 22/02/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2306 - BERKSHIRE HATHAWAY/JOHNS MANVILLE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 181 , 27/06/2001 P. 0005 - 0005 COMMISSION DECISION of 22/02/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2306 - BERKSHIRE HATHAWAY/JOHNS MANVILLE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 22.02.2001 SG(2001)D/286386 To the notifying party Dear Madam(s) and/or Sir(s), Subject:
Case No. COMP/M.2306 - BERKSHIRE HATHAWAY / JOHNS MANVILLE Notification of 22.01.2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] [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. Publication in the Official Journal of the European Communities No. C 29/6, 30.01.2001. 1. On 22.01.2001 received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 by which the US holding company, Berkshire Hathaway Inc ("Berkshire") acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the US company, Johns Manville Corporation ("JM") by way of purchase of shares.
The business activities of the undertakings concerned are : - Berkshire: property and casualty insurance business (direct and reinsurance); diverse manufacturing activities; - JM: insulation, roofing, floor and wall products. 2. 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 [2]. [2] OJ C 217, 29.07.2000, p. 32. 3. 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 by M. MONTI, (Member of the Commission)