EUROPEAN COMMISSION DG Competition

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 05/03/2019

In electronic form on the EUR-Lex website under document number 32019M9259

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.

EUROPEAN COMMISSION

Brussels, 5.3.2019 C(2019)1891 final

PUBLIC VERSION

To the notifying party:

Dear Sir or Madam,

1.1. On 8 February 2019, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Investindustrial VI L.P.(‘Investindustrial’, United Kingdom), belonging to the Investindustrial Group, which is ultimately controlled by Investindustrial S.A. (Luxembourg), acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Natra S.A. (‘Natra’, Spain) by way of a public bid announced on 1 February 2019.

2. The business activities of the undertakings concerned are:

- for Investindustrial : investment fund of the Investindustrial Group, which invests predominantly in medium-sized companies active in industrial manufacturing, consumer, retail and leisure, and business services,

- for Natra : specialized in cocoa and chocolate products covering all the stages of the value chain.

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.

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 and Article 57 of the EEA Agreement.

For the Commission

(Signed) Johannes LAITENBERGER Director-General

5 OJ C 366, 14.12.2013, p. 5.

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