Commission Decision of 30/06/2005 declaring a concentration to be compatible with the common market (Case No IV/M.3840 - CVC / CORTEFIEL) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) | |Brussels, 30/06/2005 SG-Greffe(2005) D/202873 To the notifying parties Dear Sirs, Subject : Case No. COMP/M.3840-CVC/Cortefiel Notification of 31.05.2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 138, 07.06.2005, page 12. 1. On 31/05/2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking Coral Retail Industries, S.L., controlled by CVC Capital Partners Group Sàrl (“CVC”, Luxembourg) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Cortefiel, S.A.
(“Cortefiel”, Spain) by way of public bid announced on 12/05/2005. 2. The business activities of the undertakings concerned are : - for CVC : investment fund - for Cortefiel : manufacture and retail distribution of clothing and related merchandise, retail distribution of cosmetics. 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 c 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