91/403/EEC: Commission Decision of 29 May 1991 declaring the compatibility of a concentration with the common market (Case No IV/M043 - Magneti Marelli/CEAc) - Council Regulation (EEC) No 4064/89 (Only the French text is authentic)

• CELEX: Regulation (EEC) No 4064/89
• Articles: 3

Article 1

The proposed concentration between Sicind and CEAc is hereby declared compatible with the common market, subject to the obligations set out in Article 2.

Article 2

The following obligations are attached to this Decision:

(a) in accordance with a timetable agreed with the Commission, Fiat shall reduce its holding in the Compagnie Française d'Électro-chimie to 10 % and shall reduce to one member its representation on the administrative or supervisory bodies of the Compagnie Française d'Électro-Chimie;

(b) Fiat shall not then increase its holding in the Compagnie Française d'Électro-chimie above the level referred to in (a) without the Commission's agreement;

(c) for the purposes of this article, Fiat means:

(i) the Fiat group;

(ii) any company controlled by any part of the Fiat group;

(iii) any person acting on behalf of a company referred to in (i) and (ii).

Article 3

This Decision is addressed to:

Fiat SpA,

Corso Marconi 10,

I-10125 Torino;

Sicind SpA,

Corso Marconi 20,

I-10125 Torino;

Compagnie Européenne d'Accumulateurs (CEAc),

18 Quai de Clichy,

F-92111 Clichy Cedex. Done at Brussels, 29 May 1991. For the Commission

Leon BRITTAN

Vice-President

(1) OJ No L 395, 30. 12. 1989, p. 1, as amended in OJ No L 257, 21. 9. 1990, p. 13. (2) OJ No C 209, 10. 8. 1991, p. 11. (3) OJ No L 122, 17. 5. 1991, p. 48.