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SANTANDER / GE MONEY BANK GMBH/ GE MONEY OY / GE CAPITAL DEUTSCHLAND GMBH / GE MONEY BANK LIMITED
M.5147
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Case No COMP/M.5147 - SANTANDER / GE MONEY BANK GMBH/ GE MONEY OY / GE CAPITAL DEUTSCHLAND GMBH / GE MONEY BANK LIMITED
Only the English text is available and authentic.
REGULATION (EC) No 139/2004 MERGER PROCEDURE
Article 6(1)(b) NON-OPPOSITION Date: 28/07/2008
In electronic form on the EUR-Lex website under document number 32008M5147
Office for Official Publications of the European Communities L-2985 Luxembourg
COMMISSION OF THE EUROPEAN COMMUNITIES
Brussels, 28-VII-2008 SG-Greffe(2008) D/204866 C(2008) 4136
PUBLIC VERSION
MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
SIMPLIFIED PROCEDURE
To the notifying party
Dear Madam(s) and/or Sir(s),
1.On 25.6.2008 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking Banco Santander S.A. ("Santander", Spain) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertakings GE Money Bank GmbH (Austria), General Electric Capital Deutschland GmbH (Germany), GE Capital Bank Limited (UK), GE Money Oy (Finland), and GE Money Card Services Limited (Ireland) (together "GEM Business") by way of purchase of shares.
The business activities of the undertakings concerned are:
-- for Santander: financial services
-- for GEM Business: financial services
1OJ L 24, 29.1.2004 p. 1
Commission europÈenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.
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 5c 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
2OJ C 56, 05.3.2005 p.32
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