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.

COMP/M.6704 - REWE/Ferid Nasr/ Exim

SECTION 1.2

Description of the concentration

This notification concerns REWE Touristik Gesellschaft mbH's proposed acquisition of 51% of the issued and outstanding shares in EXIM HOLDING a.s. ("EXIM") from Mr. Ferid Nasr resulting in a joint control within the meaning of Article 3(1)(b) ECMR exercised by Mr Ferid Nasr and REWE Touristik Gesellschaft mbH over target EXIM.

REWE Touristik Gesellschaft mbH is a limited liability company established, incorporated and operating under the laws of the Federal Republic of Germany and part of REWE Group ("REWE"). REWE operates in the food and non-food retail sector as well as in the field of travel and tourism; in the latter, REWE provides package tours and other, non-pre-assembled, travel products predominantly in Western Europe, where it also offers travel agency services and acts as franchisor of hotels.

Mr Nasr, a natural person primarily active in the tourism sector, has vested his European tourism activities in EXIM, a joint stock company established and incorporated under the laws of the Czech Republic offering package holidays and travel agency services via wholly owned subsidiaries in the Czech Republic, Poland, Hungary and the Slovak Republic.