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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 31/03/2009

In electronic form on the EUR-Lex website under document number 32009M5485

Office for Official Publications of the European Communities L-2985 Luxembourg

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 31.03.2009 SG-Greffe(2009) D/1966 C(2009) 2578

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.5485 - ALTOR FUND III/ CARNEGIE/ MAX MATTHIESSEN Notification of 03/03/2009 pursuant to Article 4 of Council Regulation (EC) No 139/2004 Publication in the Official Journal of the European Union No C 57, 11/03/2009, p.26

1.On 3 March 2009 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking Altor Fund III ("Altor", Jersey) acquires, within the meaning of Article 3(1)(b) of the Council Regulation, control of the whole of the undertakings Carnegie Investment Bank AB ("Carnegie", Sweden) and Max Matthiessen Holding AB ("Max Matthiessen", Sweden), by way of a transfer of shares.

The business activities of the undertakings concerned are:

-- for Altor : private equity fund

-- for Carnegie: Securities Broking, Investment Banking, Asset Management and Private Banking;

1OJ L 24, 29.1.2004, p. 1.

Commission européenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.

-- for Max Matthiessen: pension insurance and long-term savings advisor and administration of pension funds

2.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(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 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 (signed) Philip LOWE Director General

2OJ C 56, 05.3.2005, p. 32.

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