COMMISSION DECISION of 02/06/1999 declaring a concentration to be compatible with the common market (Case No IV/M.1484 - ALSTOM/ABB) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

What COMMISSION DECISION of 02/06/1999 declaring a concentration to be compatible with the common market (Case No IV/M.1484 - ALSTOM/ABB) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) requires

On 27 April 1999, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89, as amended by Council Regulation (EEC) No 1310/97, by which ABB Handels- und Verwaltungs AG ('ABB HV') and ALSTOM (France) create a joint venture on power generation equipment, ABB ALSTOM Power NV ('JV'). After examination of the notification, the Commission concluded that the notified operation falls within the scope of Council Regulation No 4064/89 and does not raise serious doubts as to its compatibility with the common market and the functioning of the EEA agreement. The JV will be jointly controlled by ALSTOM and ABB, each holding 50% of the shares, with each appointing one half of the members of the supervisory board. The JV's activities will include the design, manufacture, R&D, marketing, supply and servicing of turbines (gas, steam and hydro), generators, boilers, environmental control products and district heating systems. The creation of the JV is conditional upon ALSTOM completing the sale of its large heavy duty gas turbine (LHDGT) business to General Electric Company ('GE'), as referenced in Case IV/M.1404 - GE/ALSTOM, notified on 26/04/1999. ABB's nuclear power and distributed power business is excluded from the JV's scope.

Pillar: Legal & IP Sovereignty · Authority: Commission of the European Communities · Version: 1.0.0 · Last updated: 1999-06-02

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:31999M1484

SHA-256 integrity: 6d558ac5498318077fcc232299c5a504afea72e9ae01802195a0ed2bdf51d923

Primary Citations — 8 traced to source

• Notification paragraph: 'On 27 April 1999, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89, as amended by Council Regulation (EEC) No 1310/97, by which ABB Handels- und Verwaltungs AG ("ABB HV") and ALSTOM (France) create a joint venture on power generation equipment, ABB ALSTOM Power NV ("JV").'
• Compatibility conclusion: 'After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation No 4064/89 and does not raise serious doubts as to its compatibility with the common market and the functioning of the EEA agreement.'

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