COMMISSION DECISION of 03/07/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2464 - NOMURA INTERNATIONAL/LE MERIDIEN HOTELS) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 198 , 13/07/2001 P. 0010 - 0010 COMMISSION DECISION of 03/07/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2464 - NOMURA INTERNATIONAL/LE MERIDIEN HOTELS) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 03.07.2001 To the notifying party Dear Madam and Sir, Subject:
Case No. COMP/M. 2464-Nomura International/Le Meridien Hotels Notification of 05.06.2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 167, 12.06.2001, page 3 [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. 1. On 05.06.2001 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 [2] by which the UK undertaking, Nomura International plc ("Nomura"), a wholly-owned subsidiary of The Nomura Securities Co.
Ltd. ("NSCL"), acquires within the meaning of Article 3(1)(b) of the Council Regulation control of substantially all of the Le Meridien world-wide network of hotels through a structure of warrant-holding. [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). 2. The business activities of the undertakings concerned are: - Nomura: banking and financial services; - NSCL: international investment banking; - Le Meridien: hotels. 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(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [3]. [3] OJ C 217, 29.07.2000, p. 32. 4. 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 Member of the Commission