Decision Nº M/04/080 from Competition and Consumer Protection Commission, 2005-01-21

• Jurisdiction: Ireland
• Court: Commissioner for Environmental Information
• Decision Date: 21 January 2005
• Decision Number: M/04/080
• Date: 21 January 2005
• Parties: Ionics, Inc.,General Electric Company

Merger Notification M/05/080 – Deutsche Bank/East Surrey Holdings

DETERMINATION OF MERGER NOTIFICATION M/05/080 –

Deutsche Bank/East Surrey Holdings

Section 21 of the Competition Act 2002

Proposed acquisition of East Surrey Holdings Limited by

Deutsche Bank AG (London)

Dated 10/01/06

Introduction

1. On 16th December 2005, the Competition Authority, in accordance

with Section 18(1) of the Competition Act, 2002 (“the Act”), was

notified on a mandatory basis of the proposed acquisition by

Deutsche Bank AG (“Deutsche Bank”), through its London branch,

Deutsche Bank AG (London), of the entire issued share capital of

East Surrey Holdings Limited (“ESH”).

Undertakings Involved

2. Deutsche Bank, the acquirer, is a worldwide commercial bank. It is

active in all fields of the banking business including, deposit and

credit business, issuing of securities, asset management,

investment banking as well as factoring. It also offers other

financial services such as building society savings through its group

companies. It offers its full range of services in the State.

3. ESH, the target, is a UK-based company whose main business is

Sutton and East Surrey Water plc. Sutton and East Surrey Water

plc is a UK-regulated water company with a licence area extending

across the London Boroughs of Croydon, Merton and Sutton, East

Surrey and parts of Kent and Sussex.

4. ESH also offers an insured household emergency scheme, central

heating servicing and maintenance, plumbing services, supply of

building products, mineral processing, distribution and retail of

bathroom equipment, and property letting.

5. ESH is active in the State through Advanced Minerals Limited and

Fische Limited. Advanced Minerals Limited is active in the

processing and blending of minerals for use as an additive in [a

type of polymer processing]. Fische Limited is active in the

distribution and retail of shower doors imported from China as well

as other related bathroom plumbing products such as shower trays.