Commission Decision of 09/09/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.6949 - JP MORGAN / FINDUS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic) |EUROPEAN COMMISSION | Brussels, 9.9.2013 C(2013) 5859 final PUBLIC VERSION | | SIMPLIFIED MERGER PROCEDURE | |To the notifying party | Dear Madam(s) and/or Sir(s), Subject: Case No COMP/M.6949 - JP MORGAN / FINDUS Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 [1] 1. On 12 August 2013, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking J.P.
Morgan Chase & Co. ("JP Morgan", United Kingdom) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Findus Group Limited ("Findus", United Kingdom). 2. The business activities of the undertakings concerned are: - for JP Morgan: global financial service firm active in investment banking, asset management, private banking, private wealth management, and treasury and securities services; - for Findus: production and supply of frozen and chilled food products for the retail and food service sectors. [2] 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] Publication in the Official Journal of the European Union No C 246, 27.8.2013, p. 8. [3] OJ C 56, 5.3.2005, p. 32.