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In electronic form on the EUR-Lex website under document number 32010M5700
Office for Publications of the European Union L-2985 Luxembourg
To the notifying party:
Dear Madam(s) and/or Sir(s),
1.On 05.02.2010, the European Commission received notification of a proposed concentration pursuant to Article 4 of the EC Merger Regulation by which Lloyds TSB Development Capital Ltd ("LDC", UK) belonging to the Lloyds Banking Group plc, acquires within the meaning of Article 3(1)(b) of the EC Merger Regulation control of Petrochem Carless Holdings Ltd ("PCH", UK) by way of purchase of shares.
The business activities of the undertakings concerned are:
-- For LDC: private equity investment, with a portfolio of companies across a wide range of market sectors in the UK,
-- For PCH: refinement and supply of high performance speciality hydrocarbons, advanced automotive fluids and speciality chemicals.
1OJ L 24, 29.1.2004, p. 1 (the "EC Merger Regulation").
Commission européenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.
2.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the EC Merger Regulation and of paragraph 5 (c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
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 common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the EC Merger Regulation.
For the Commission (signed) Alexander ITALIANER Director General
2OJ C 56, 05.3.2005, p. 32 ("Notice on a simplified procedure").
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