Commission Decision of 06/12/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.6036 - BARCLAYS / BPCE / HEXAGONE FRANCE 3) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic) (.PICT.) |EUROPEAN COMMISSION | Brussels , 6.12.2010 SG-Greffe(2010) D/19541/19542 C(2010) 8963 PUBLIC VERSION MERGER PROCEDURE ARTICLE 6(1)(b) DECISION SIMPLIFIED PROCEDURE To the notifying parties: Dear Madam(s) and/or Sir(s), Subject: Case No COMP/M.6036 – BARCLAYS/ BPCE/ HEXAGONE FRANCE 3 Notification of 09.11.2010 pursuant to Article 4 of Council Regulation (EC) No 139/2004 [1] Publication in the Official Journal of the European Union No C 311, 16.11.2010, p.17 1.
On 9 November 2010, the European Commission received a notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings Barclays Bank PLC ("Barclays", United Kingdom) and Crédit Foncier de France ("CFF", France), belonging to the BPCE Group (France) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Hexagone France 3 SARL ("Hexagone", France) by way of purchase of shares. 2. The business activities of the undertakings concerned are: - for Barclays : global financial services provider active in retail and commercial banking, investment banking, wealth management and investment management services; - for CFF : mortgage specialist affiliated with the BPCE Group, a banking network in France active in investment banking, retail and commercial banking, insurance and real estate services; - for Hexagone : special purpose vehicle owning two buildings for commercial use in the French department of Seine Saint-Denis (93), in the Ile-de-France region.
3. After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(a) 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 European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation.
For the Commission, (signed) Alexander ITALIANER Director General [1]OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by "internal market". The terminology of the TFEU will be used throughout this decision. [2] OJ C 56, 5.3.2005, p. 32.