Case details

Merger control

Case reference

CCENT/2006/42 - AXA -Investment Managers Private Equity Europe, S.A. / ELIOKEM

Acquiring

AXA Investment Managers Private Equity Europe, S.A.

Description

is the parent company, specialising in investments in unquoted companies and investments in other funds. Its subsidiary, AXA PE, is active in the insurance and asset management sector

Acquired

Financiére Eliokem S.A.R.L. e Eliokem Inc

Description

are both active in the production, distribution and marketing of chemical products, organised according to four main lines of business: (i) specialist resins, (ii) antioxidants, (iii) elastomeric modifiers and (iv) latex.

Sector

Extractive and manufacturing Industries

Activity (NACE)

C20 - Manufacture of chemicals, chemical products and man-made fibres, except pharmaceutical products

Applicable legislation

Art. 9(1)(b) (Law 18)

Notification thresholds

Turnover

Type of merger

Conglomerate

Cooperation with sector regulators

Status

Closed

Type of Investigation

Phase 1

AdC’s decision

Non-opposition

Case description

Notified on 23 August 2006, this merger consists of the acquisition of sole control of Financière Eliokem SARL and Eliokem Inc by AXA Investment Managers Private Equity Europe SA (AXA) through its subsidiary AXA PE

Timeline

2006-09-28

COMPETITION AUTHORITY approves the acquisition by AXA Investment Managers Private Equity Europe SA of sole control of Financière Eliokem SARL and Eliokem Inc

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Case details