Commission Decision of 17/02/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4123 - BC PARTNERS / HYATT REGENCY HOTELS & TOURISM HELLAS) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 17.02.2006 SG-Greffe(2006) D/200734 To the notifying party Dear Madam(s) and/or Sir(s), Subject: Case No. COMP/M.4123 – BC Partners/ Hyatt Regency Hotels & Tourism Hellas Notification of 20/01/2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 20 dated 27.01.2006, page 28.
1. On 20/01/2006, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No. 139/2004 by which the undertaking CIE Management II Limited (“CIEM”, Channel Islands) controlled by BC Partners Holdings Limited acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertakings Hyatt Regency Hotels & Tourism (Hellas) S.A (“HRHT Hellas”, Greece) by way of purchase of shares. 2. The business activities of the undertakings concerned are : - for CIEM : management of private equity funds - for HRHT Hellas : casinos and hotels.
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 --------------------------------------------------