Commission Decision of 12/01/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4053 - MORGAN STANLEY / AM DEVELOPMENT) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) | |Brussels, 12.01.2006 SG-Greffe(2006) D/200113 To the notifying party Dear Madam/Dear Sir, Subject : Case No. COMP/M.4053 – Morgan Stanley/AM Development Notification of 06.12.2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C318, 14.12.2005, p.4 1. On 06.12.2005 , the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No.
139/2004 by which the undertaking MSREF V International Fund belonging to the Morgan Stanley Group (“Morgan Stanley”, UK) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of AM Development B.V. (“AM Development”, Netherlands) part of the undertaking AM N.V. (“AM”, Netherlands) by way of purchase of shares. 2. The business activities of the undertakings concerned are : - for undertaking Morgan Stanley : global financial services including investment banking, sales, trading, financing and private equity, - for undertaking AM Development : office and retail development.
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