EC, June 9, 2005, No M.3775

Dear Sirs,

Subject: Case No. COMP/M.3775-Gluma Holding/Glud & Marstrand

1. On 28/04/2005, the Commission received a notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of Council Regulation (EC) No 139/2004 by which the undertaking Gluma Holding A/S (“Gluma”, Denmark) belonging to the ABN AMRO group acquires within the meaning of Article 3(l)(b) of the Council Regulation control of the whole of undertaking Glud & Marstrand Invest A/S (“Glud”, Denmark) by way of purchase of shares.

2. The business activities of the undertakings concerned are: for undertaking Gluma/ABN AMRO: private equity, banking and financial services, for undertaking Glud: manufacture and sale of metal food packaging, metal tobacco packaging and shoe polish packaging.

3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph b of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004².

4. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(l)(b) of Council Regulation (EC) No. 139/2004.

1. OIL 24, 29.1.2004 p. 1

2. OJ C 56, 05.3.2005 p.32