Commission Decision of 30/06/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4251 - BERKSHIRE / ISCAR METALWORKING COMPANIES) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 30/06/2006 SG-Greffe(2006) D/203422 To the notifying party Dear Madam(s) and/or Sir(s), Subject: Case No. COMP/M.4251 - BERKSHIRE / ISCAR METALWORKING COMPANIES Notification of 01.06.2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Communities No. C 137 of 10/06/2006, page 3.
1. On 01.06.2006, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No. 139/2004 by which the undertaking Berkshire Hathaway Inc. (Berkshire, USA) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the Metalworking IMC International Metalworking Companies B.V. (IMC, Netherlands), belonging to the Wertheimer Company Limited (Israel), by way of purchase of shares. 2. The business activities of the undertakings concerned are: - for Berkshire : property and casualty insurance, investment activities; - for IMC : cutting tools and metalworking applications.
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) Philip LOWE Director General [1] OJ L 24, 29.1.2004 p. 1. [2] OJ C 56, 05.3.2005 p.32. --------------------------------------------------