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CANDOVER / FERRETTI
M.4492
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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
Candover Partners Limited (“Candover”) intends to acquire sole control within the meaning of Article 3(1)(b) of Council Regulation (EC) No 139/2004 of Ferretti S.p.A (“Ferretti”), by way of purchase of shares. Ferretti is the parent company of the Ferretti group which is active in the business of designing, manufacturing and marketing of luxury motor-yachts.
The business activities of the undertakings concerned are:
(i) for Candover: private equity investment;
(ii) for Ferretti: luxury marine crafts.
The undertakings concerned have notified the proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004.