Commission Decision of 07/02/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4090 - WEST LB / ODEWALD / ASH) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) | |Brussels, 07/02/2006 SG-Greffe (2006) D/200560 Dear Madam and Sirs, Subject : Case No. COMP/M.4090 – WestLB / Odewald / ASH Notification of 03.01.2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 6, 11.01.2006, page 7 1. On 03.01.2006, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No.
139/2004 by which the undertakings WestLB AG (“WestLB”, Germany) and Odewald & Compagnie Gesellschaft für Beteiligungen mbH (“Odewald”, Germany) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking ASH Automotive Systems Holding GmbH (“ASH”, Germany), holding company of the Westfalia group, by way of purchase of shares in a newly created company constituting a joint venture. 2. The business activities of the undertakings concerned are: - for WestLB: international universal bank; - for Odewald: investment funds; - for ASH: development, manufacturing and distribution of tow bars and related products (electrical systems) for cars.
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