Commission Decision of 19/04/2005 declaring a concentration to be compatible with the common market (Case No IV/M.3755 - NORDIC CAPITAL / NYCOMED) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) | |Brussels, 19.04.2005 SG-Greffe(2005) D/201855 To the notifying parties Dear Madam(s) and/or Sir(s), Subject : Case No. COMP/M . 3755 - NORDIC CAPITAL / NYCOMED Notification of 14.3.2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004[1] Publication in the Official Journal of the European Communities No. C 70, 22.03.2005, page 13. 1. On 14.3.2005 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking Nordic Capital Fund V (“Nordic Capital V”, Jersey), belonging to the group Nordic Capital, acquires within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Nycomed (“Nycomed”, Denmark), currently jointly controlled by the Credit Suisse Group (“CSG”) and the Blackstone Group, by way of purchase of shares.
CSG will retain joint control over Nycomed. 2. The business activities of the undertakings concerned are: - for undertaking “Nordic Capital V”: private equity fund - for undertaking “CSG”: global financial services group - for undertaking “Nycomed” : manufacturing and marketing of pharmaceuticals. 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) No 139/2004[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] OJ C 56, 05.3.2005 p.32. MERGER PROCEDURE ARTICLE 6(1)(b) DECISION SIMPLIFIED PROCEDURE PUBLIC VERSION