Commission Decision of 09/08/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.5826 - ANGLO IRISH BANK / RBS / ARNOTTS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

What Commission Decision of 09/08/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.5826 - ANGLO IRISH BANK / RBS / ARNOTTS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic) requires

The European Commission has declared a concentration involving Anglo Irish Bank, RBS, and Arnotts Holdings Limited to be compatible with the common market under Council Regulation (EC) No 139/2004. The decision, dated 09/08/2010, concludes that the transaction does not raise serious doubts as to its compatibility with the internal market and the EEA Agreement. The concentration involves the restructuring of Arnotts’ existing debt in return for warrants, call options, and associated control rights, resulting in joint control by Anglo Irish Bank and RBS over Arnotts.

Pillar: Legal & IP Sovereignty · Authority: European Commission · Version: 1.0.0 · Last updated: 2010-08-09

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32010M5826

SHA-256 integrity: 2dfec57f1d8f952685f24092557fbc51f503086087f0e93747831f1ed6bb5e54

Primary Citations — 6 traced to source

• Article 3(1)(b): 'the undertakings Anglo Irish Bank Corporation Limited ('Anglo Irish Bank', Ireland) and The Royal Bank of Scotland Group plc ('RBS', UK) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Arnotts Holdings Limited ('Arnotts', Ireland) on a contractual basis.'
• Article 4: 'Notification of 02.07.2010 pursuant to Article 4 of Council Regulation No 139/2004.'

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