Commission Decision of 19/09/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3214 - AMERICAN EXPRESS FINANCIAL CORPORATION / THREADNEEDLE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 233 , 30/09/2003 P. 0015 - 0015 Commission Decision of 19/09/2003 declaring a concentration to be compatible with the common market (Case No IV/M.3214 - AMERICAN EXPRESS FINANCIAL CORPORATION / THREADNEEDLE) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) For the notifying parties Dear Madam(s) and/or Sir(s), Subject:
Case No. COMP/M.3214 - American Express Financial Corporation / Threadneedle Notification of 18.08.2003 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Union No. C 198, 23.08.2003, page 14 [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 18.08.2003, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the undertaking American Express Financial Corporation ("AEFC"), controlled by the American Express Company (USA), acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Threadneedle Asset Management Holdings Limited (UK) by way of purchase of shares.
2. The business activities of the undertakings concerned are: - AEFC: travel-related services, financial advisory services and international banking services - Threadneedle: supply of investment products to European retail and institutional investors 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 (c), 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 Mario MONTI Member of the Commission