Commission Decision of 19/12/2002 declaring a concentration to be compatible with the common market (Case No IV/M.3010 - CANDOVER INVESTMENTS / ONTEX) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 327 , 28/12/2002 P. 0012 - 0012 Brussels, 19/12/2002 SG (2002) D/233394 To the notifying party Dear Sirs, Subject: Case No COMP/M.3010 – Candover Investments/Ontex Notification of 29.11.2002 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 303, 06/12/2002, page 8 1.
On 29/11/2002, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 by which the British undertaking Candover Partners Limited (“Candover”) belonging to the British group Candover Investment plc, acquires within the meaning of Article 3(1)(b) of the Council Regulation sole control of the Belgian undertaking Ontex NV (“Ontex”) by way of purchase of shares. 2. The business activities of the undertakings concerned are: - Candover: fund management services as well as provision of investment management advice and services to third investment funds; - Ontex: development, production and sale of “private label” hygiene products for third parties and “own proprietary brand” hygiene 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 [2]. 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 [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 C 217, 29.07.2000, p. 32. --------------------------------------------------