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: 28/11/2016

In electronic form on the EUR-Lex website under document number 32016M8241

EUROPEAN COMMISSION

Brussels, 28.11.2016 C(2016) 7845 final

PUBLIC VERSION

To the notifying parties:

Dear Sir or Madam,

1.1. On 04.11.2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Nordic Capital VIII Limited (‘Nordic Capital’, Jersey) and a group of individual investors acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Nordnet AB (publ) (‘Nordnet’, Sweden) by way of a public bid announced on 25 October 32016.

2. The business activities of the undertakings concerned are:

- for Nordic Capital: private equity investment through funds currently controlling 27 portfolio companies active in a variety of economic sectors and mainly in Northern Europe,

- for Nordnet: banking services mainly within trading of financial instruments and securities, investments and savings, loans and pensions, active in Sweden, Norway, Denmark and Finland.

3.3. 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 (c) of

1OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

2OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement').

3Publication in the Official Journal of the European Union No C415, 11.11.2016, p. 7.

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.

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

4OJ C 366, 14.12.2013, p. 5.

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