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 9 December 2013, the Commission received a notification of a proposed concentration pursuant to Article 4 of the Council Regulation (EC) No. 139/2004 (“ECMR”) by which PPF Group N.V. (PPF), a multinational finance and investment group active especially in Central and Eastern Europe and Asia, will acquire sole control over Telefónica Czech Republic a.s. (Telefónica CZ) within the meaning of Article 3 (1) (b) EUMR.

The business activities of the undertakings concerned are:

-• For PPF: finance, banking and investment activities, real estate, energy industry, mining and quarrying;

-• For Telefónica CZ: telecommunication and related services.

The Proposed Concentration does not raise any competition concerns as the Parties are active in completely different sectors and thus the activities of the Parties do not bring about any horizontal overlaps. There are only limited (actual or potential) vertical links between the Parties. However, these vertical overlaps are of a merely formal nature and will not give rise to any foreclosure concerns.