Case No COMP/M.4940 - CREDIT SUISSE GROUP / GENERAL ELECTRIC / MUBADALA DEVELOPMENT

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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 29/01/2008

In electronic form on the EUR-Lex website under document number 32008M4940

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

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 29-I-2008

SG-Greffe(2008) D/200272/73/74

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.4940 – Credit Suisse / General Electric / Mubadala Notification of 19 December 2007 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 Publication in the Official Journal of the European Union No. C 1, 04.01.08, p. 6

1.On 19 December 2007, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings Credit Suisse Private Equity Inc. ("CSPE", USA), belonging to the Credit Suisse Group ("CSG", Switzerland), General Electric Company ("GE", USA) and Mubadala Development Company PJSC ("Mubadala", United Arab Emirates) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Mubadala Infrastructure Partners and Related Entities ("Mubadala Infrastructure", United Arab Emirates) by way of purchase of shares in a newly created company constituting a joint venture.

The business activities of the undertakings concerned are :

-- for undertaking CSG : global financial services group;

-- for undertaking CSPE : investment banking, private banking and asset management;

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 undertaking GE : diversified technology and services;

-- for undertaking Mubadala : direct principal investments;

-- for undertaking Mubadala Infrastructure : asset management services.

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, subparagraph 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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