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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 20/06/2006

In electronic form on the EUR-Lex website under document number 32006M4185

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

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 20/06/2006

SG-Greffe(2006) D/203185/203186

MERGER PROCEDURE ARTICLE 6(1)(b) DECISION

SIMPLIFIED PROCEDURE

PUBLIC VERSION

To the notifying parties

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

11 Notification of 16/5/2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 Publication in the Official Journal of the European Union No. C 123 of 24/05/2006, page 13

11. On 16/5/2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings Citigroup Venture Capital International Jersey Limited (ìCVCIî, Jersey) belonging to the group Citigroup Inc (ìCitigroupî, USA) and Amber Trust II SCA (ìAmber Trustî, Luxembourg), jointly controlled by Danske Bank A/S(ìDanske Bankî, Denmark) and Firebird Private Equity Advisors LLC (ìFirebirdî, USA) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking AB Sanitas (ìSanitasî, Lithuania) by way of purchase of shares.

2. The business activities of the undertakings concerned are :

1OJ L 24, 29.1.2004 p. 1

Commission europÈenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.

-- CVCI: private equity investment

-- Citigroup: global financial services

-- Amber Trust: private equity investment

-- Danske Bank : European financial services company

-- Firebird: fund management

-- Sanitas: pharmaceuticals

3.3. 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.

4.4. 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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