- Query in any language with multilingual search
- Access EUR-Lex and EU Commission case law
- See relevant paragraphs highlighted instantly
Similar Documents
Explore similar documents to your case.We Found Similar Cases for You
SEMLER / VWFS / JV
M.9484
With us you find everything. Try it now!
I imagine what I want to write in my case, I write it in the search engine and I get exactly what I wanted. Thank you!
Valentina R., lawyer
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 7 October 2019, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the companies Semler Gruppen A/S ("Semler", Denmark) and Volkswagen Finance Overseas BV, a holding company wholly-owned by Volkswagen Financial Services AG (together "VWFS", Germany), acquire, within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation, joint control over a newly-created company constituting a joint venture, Volkswagen Semler Finans Danmark A/S ("the JV", Denmark), by way of purchase of shares and contribution of assets and associated personnel.
The business activities of the undertakings concerned are:
-- Semler is a Danish company active within namely import and retail sale of vehicles in Denmark,
-- VWFS is a global supplier of financial services mainly relating to the distribution of passenger cars and light commercial vehicles of the Volkswagen group,
-- The JV will be active within the provision of financing and leasing of vehicles to customers, dealer financing and related services in Denmark.
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.
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.