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Case No COMP/M.4352 - GOLDMAN SACHS / MATLINPATTERSON / SECURLOG

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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 11/10/2006

In electronic form on the EUR-Lex website under document number 32006M4352

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

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 11.10.2006

SG-Greffe(2006) D/205725

PUBLIC VERSION

MERGER PROCEDURE ARTICLE 6(1)(b) DECISION

SIMPLIFIED PROCEDURE

To the notifying parties

Dear Madam(s) and/or Sir(s),

Subject: Case No. COMP/M.4352 – Goldman Sachs/MatlinPatterson/SecurLog Notification of 7 September 2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 Publication in the Official Journal of the European Union No. C 222, 15.9.2006, p.10

1.On 7 September 2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings The Goldman Sachs Group Inc. (“Goldman Sachs”, USA) and MatlinPatterson LLC (“MatlinPatterson”, USA) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking SecurLog GmbH (“SecurLog”, Germany) by way of purchase of shares and other securities.

The business activities of the undertakings concerned are:

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 Goldman Sachs: global investment banking and securities;

-- for undertaking MatlinPatterson: investment fund specialized in companies in financial difficulties and directing their reorganization;

-- for undertaking SecurLog: provider of cash services and secure courier 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 b 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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