Commission Decision of 01/04/2005 declaring a concentration to be compatible with the common market (Case No IV/M.3750 - EQT / SANITEC) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) | |Brussels, 01.IV.2005 SG-Greffe(2005) D/201588 The notifying party Dear Madam(s) and/or Sir(s), Subject : Case No. COMP/M.3750 - EQT / SANITEC Notification of 22.02.2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C51 of 01.03.2005, page 5 1. On 22/02/2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004, by which the undertaking Ceasar Holding AB, controlled by EQT IV Fund (“EQT IV”, Guernsey, Channel Islands), itself part of EQT, acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Sanitec International S.A.
(“Sanitec”, Finland), which is presently controlled by BC Funds, by way of purchase of shares. 2. The business activities of the undertakings concerned are : - EQT Group is a private equity portfolio company managing funds such as EQT IV Fund. - Sanitec designs, manufactures and markets bathroom ceramics, bath and shower products. - Ceasar is a new holding company created for the purpose of acquiring Sanitec. 3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph (b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No139/2004[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 (EC) No. 139/2004. For the Commission (signed) Neelie KROES Member of the Commission [1] OJ L 24, 29.1.2004 p. 1 [2] Available on DG COMP website: http://europa.eu.int/comm/competition/mergers/legislation/consultation/simplified_tru.pdf. MERGER PROCEDURE ARTICLE 6(1)(b) DECISION SIMPLIFIED PROCEDURE