Commission Decision of 14/12/2005 declaring a concentration to be compatible with the common market (Case No IV/M.4006 - CREDIT AGRICOLE / BANCA INTESA / NEXTRA INVESTMENT MANAGEMENT) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) | |Brussels, 14.12.2005 SG-Greffe(2005) D/206982-206983 To the notifying parties Dear Madam and Sirs, Subject : Case No. COMP/M.4006 – CREDIT AGRICOLE / BANCA INTESA / NEXTRA INVESTMENT MANAGEMENT Notification of 09.11.2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No.
C 288 of 19 November 2005, page 9. 1. On 09.11.2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings Credit Agricole SA (“CA”, France) and Banca Intesa SpA (“Intesa”, Italy) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Nextra Investment Management SpA (“Nextra”, Italy) by way of purchase of shares. 2. The business activities of the undertakings concerned are: - for undertaking CA: banking and financial services - for undertaking Intesa: banking and financial services - for undertaking Nextra: asset management 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 SIMPLIFIED PROCEDURE PUBLIC VERSION MERGER PROCEDURE ARTICLE 6(1)(b) DECISION