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.4019 - FRAPORT/DEUTSCHE BANK/BUDAPEST AIRPORT

SECTION 1.2

Description of the concentration

1.On 18.11.2005 November 2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC No. 139/2004 by which Fraport AG ("Fraport", Germany) and HAH Limited (ìHAHî, United Kingdom), an indirect wholly-owned subsidiary of Deutsche Bank AG ("Deutsche Bank", Germany) acquire within the meaning of Article 3(1)(b) of Council Regulation (EC) No. 139/2004 joint control of the undertaking Budapest Airport Rt. ("Budapest Airport", Hungary) by way of purchase of shares.

The business activities of the undertakings concerned are:

• for Fraport: operation and management of Frankfurt, Frankfurt-Hahn, Saarbr¸cken, Hannover, Antalya and Lima airports;

• for HAH and Deutsche Bank: banking;

• for Budapest Airport: operation and management of Budapest airport.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No. 139/2004. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004, it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

1OJ C 56, 5.3.2005, p.32.