Commission Decision of 11/08/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4289 - CREDIT AGRICOLE / EMPORIKI) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 11-VIII-2006 SG-Greffe(2006) D/204557 To the notifying party : Dear Sirs, Subject: Case No. COMP/M.4289 – Crédit Agricole/Emporiki Notification of 13.07.2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C172, 25.07.2006, p.22. 1. On 13 July 2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking Crédit Agricole SA (“Crédit Agricole”, France) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Emporiki Bank of Greece SA (“Emporiki”, Greece) by way of public bid announced on 13 June 2006.
2. The business activities of the undertakings concerned are : - for Crédit Agricole: banking and insurance services. - for Emporiki: banking and insurance services. 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 Philip LOWE Director General signed Paul CSISZÁR [1] OJ L 24, 29.1.2004 p. 1 [2] OJ C 56, 05.3.2005 p.32 --------------------------------------------------