CDC/Netgem/VITIS (JV)
Transaction details
The acquisition by La Caisse des Dépots et Consignations of a jointly-controlling interest in a joint venture (VITIS) controlled by Netgem S.A. has been cleared by the Competition and Consumer Protection Commission (the “CCPC”). In May 2018, the parties informed the CCPC that this acquisition had been completed in November 2016.
The Competition Act 2002, as amended (the “Act”) requires that proposed mergers or acquisitions between businesses operating in the State, which meet certain turnover thresholds specified in section 18(1) of the Act, must be notified to the CCPC. On the basis of the information provided to the CCPC by the parties, it appears to the CCPC as though the transaction should have been notified to the CCPC before being put into effect in accordance with the requirements of section 18(1) of the Act.
The CCPC reserves its right to commence an investigation into a suspected breach by the undertakings involved in the transaction of the notification requirements under section 18(1) of the Act, which is an offence under section 18(9) of the Act.
Case details
- Notification date:29 May 2018
- Publication date:29 May 2018
- Economic sector:Telecom & IT service activities - K
- Economic sub-sector:Telecommunication - K.61
- Outcome:Cleared
Documents
M.18.045 Merger AnnouncementPDF | 143 KBM.18.045 Merger Announcement PDF | 143 KB - Opens in new window
M.18.045 DeterminationPDF | 291 KBM.18.045 Determination PDF | 291 KB - Opens in new window
Timetable
Parties Involved
La Caisse des Dépôts et Consignations
La Caisse des Dépôts et Consignations is a French public group with its activities falling into four primary categories: (i) The environment and energy, (ii) Real estate, (iii) Investment and (iv) Services. In the State, la Caisse des Dépôts et Consignations (amongst other services) provides engineering and transport operation services, as well as a range of manufacturing activities.
Netgem S.A.
Netgem S.A. provides a suite of software and solutions to telecommunications operators worldwide. In the State, Netgem S.A. supplies TV solutions.
VITIS
The joint venture VITIS provides a range of broadband, fixed-line voice telephony and television services in France. VITIS also acts as a distributor of digital content.
Contacts
Arvydas Vidziunas arvydasvidziunas@ccpc.ie
