COMMISSION DECISION of 23/08/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2548 - CINVEN/CASTROL) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 350 , 11/12/2001 P. 0011 - 0011 COMMISSION DECISION of 23/08/2001 declaring a concentration to be compatible with the common market (Case No IV/M.2548 - CINVEN/CASTROL) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 23.08.2001 SG (2001) D/291093 PUBLIC VERSION To the notifying party Dear Madam(s) and/or Sir(s), Subject:
Case No. COMP/M.2548 - CINVEN CASTROL Notification of 23/07/2001 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities [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. No. C 213, 31 July 2001, page 14 1. On 23-07-2001, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which which Cinven Ltd ("Cinven") belonging to the Cinven Group Ltd acquires within the meaning of Article 3(1)(b) of the Council Regulation control of parts of Burmah Castrol plc ("Castrol") by way of purchase of shares and assets.
2. The business activities of the undertakings concerned are : - Cinven (UK) : venture capital financing - Castrol (UK) : lubricants and chemicals 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 [2]. [2] 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, Franz FISCHLER Member of the Commission