Prior notification of a concentration (Case M.8095 - Ferrari Financial Services/FCA Bank/FFS JV - Candidate case for simplified procedure (Text with EEA relevance)

(2016/C 257/10)
1.
On 8 July 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which FCA Bank, ultimately controlled by Fiat Chrysler Automobiles Italy (‘FCA’, Italy) and Crédit Agricole Consumer Finance (‘CA’, France), acquires within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over Ferrari Financial Services AG (‘FFS JV’, Germany) by way of purchase of shares.
2.
The business activities of the undertakings concerned are:
FCA Bank: active in automotive financing in 17 EU Member States,
FFS JV: active in the financing of Ferrari automobiles for private and corporate customers in Germany, the UK, and Switzerland.
3.
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. 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 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice.
4.
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.8095 — Ferrari Financial Services/FCA Bank/FFS JV, to the following address:
European Commission
Directorate-General for Competition
Merger Registry
1049 Bruxelles/Brussel
BELGIQUE/BELGIË
(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).
(2) OJ C 366, 14.12.2013, p. 5.
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