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REGULATION (EEC) No 4064/89 MERGER PROCEDURE
Article 6(1)(b) NON-OPPOSITION Date: 12/06/2003
Also available in the CELEX database Document No 303M3120
Office for Official Publications of the European Communities L-2985 Luxembourg
COMMISSION OF THE EUROPEAN COMMUNITIES
Brussels, 12.06.2003
SG (2003) D/230128
PUBLIC VERSION
MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
SIMPLIFIED PROCEDURE
To the Notifying Party
Dear Madam(s) and/or Sir(s),
1.On 12 May 2003, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 by which the undertaking ING Groep N.V. (´INGª, NL) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Entrium Direct Bankers AG (´Entriumª, D) by way of purchase of shares.
The business activities of the undertakings concerned are :
-- for ING: financial services world-wide
1OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17.
Commission europÈenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.
-- for Entrium: retail banking in particular via telephone and internet, mainly in Germany
3.After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, subparagraph c, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89.
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 (EEC) No. 4064/89.
For the Commission
Mario MONTI Member of the Commission
2OJ C 217, 29.07.2000, p. 32.
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