Commission Decision of 01/03/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6137 - CITIGROUP / MALTBY ACQUISITIONS LIMITED) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic) |EUROPEAN COMMISSION | Brussels , 01/03/2011 SG-Greffe(2011) D/3228 C(2011) 1534 final PUBLIC VERSION MERGER PROCEDURE ARTICLE 6(1)(b) DECISION SIMPLIFIED PROCEDURE To the notifying party: Dear Madam(s) and/or Sir(s), Subject: Case No COMP/M.6137 - Citigroup Inc/ Maltby Acquisitions Limited Notification of 02.02.2011 pursuant to Article 4 of Council Regulation (EC) No 139/2004 [1] Publication in the Official Journal of the European Union No C 40, 09.02.2011, p.15 1.
On 02/02/2011, the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 [2] by which the undertaking Citigroup Inc ("Citi", USA) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the undertaking Maltby Acquisitions Limited ("MAL", UK), which holds all the share capital of EMI Group Ltd ("EMI", UK) by way of purchase of shares. 2. The business activities of the undertakings concerned are: - for Citi: financial services - for EMI: music recording, music publishing and online distribution of music 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(b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 [3] . 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 L 24, 29.1.2004, p. 1 (the "Merger Regulation") [3] OJ C 56, 5.3.2005, p. 32.