Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

On 17 June 2019, the Commission received notification of a proposed concentration under Article 4 of Council Regulation (EC) No 139/2004 pursuant to which The Goldman Sachs Group, Inc. (“Goldman Sachs”) will indirectly acquire sole control by way of acquiring, indirectly through controlled holding companies, all of the securities (shares and convertible bonds) in Financière Sun SAS (“Financière Sun”).

Goldman Sachs is a global investment banking, securities and investment management firm headquartered in New York, USA. One of Goldman Sachs’s controlled portfolio companies is K+K Hotels, a boutique hotel company that operates ten hotels in eight cities in the EU: Munich, Vienna, Prague, Barcelona, London, Paris, Budapest and Bucharest.

Financière Sun operates the B&B Hotels chain. B&B Hotels is a French hotel company headquartered in Brest, France, with a portfolio of 476 hotels in ten EU Member States (Austria, Belgium, Czechia, France, Germany, Italy, Poland, Portugal, Slovenia, and Spain), and in Switzerland and Brazil.

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.