Case No COMP/M.4305 - NOKIA CORPORATION / GIESECKE & DEVRIENT JV

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 23/08/2006

In electronic form on the EUR-Lex website under document number 32006M4305

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

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 23-VIII-2006

SG-Greffe(2006) 204743

MERGER PROCEDURE ARTICLE 6(1)(b) DECISION

SIMPLIFIED PROCEDURE

PUBLIC VERSION

To the notifying parties:

Dear Sirs,

Subject: Case COMP/M.4305 – Nokia / Giesecke & Devrient Notification of 24.07.2006 pursuant to Article 4 of Council Regulation (EC) No.

139/20041 Publication in the Official Journal of the European Communities No. C 179, 01.08.2006, page 11.

1.1. On 24.07.2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings Nokia Corporation (“Nokia”, Finland) and Giesecke & Devrient (“G&D”, Germany) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of a newly created company constituting a joint venture (“Trustonic”, Finland) by way of purchase of shares.

2. The business activities of the undertakings concerned are :

11 OJ 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 Nokia : supply of mobile devices and telecommunications networks;

-- for G&D : supply of banknotes and smart cards;

2.3. 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(a), of the Commission Notice on a simplified procedure for treatment of certain

2 concentrations under Council Regulation (EC) No 139/2004.

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,

Philip LOWE Director General

2 OJ C 56, 05.3.2005 p.32

2