No L 222/38 Official Journal of the European Communities 10. 8. 9N (Acts whose publication is not obligatory) COMMISSION 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) (91/403/EEC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 4064/89 of 21 December 1989 on the control of concentrations between undertakings (), and in particular Article 8 (2) thereof, Having regard to the Commission Decision of 21 January 1991 to initiate proceedings in this case, Having given the undertakings concerned the opportunity to make known their views on the objections raised by the Commission, Having regard to the opinion of the Advisory Committee on Concentrations (%), Whereas : I. NATURE OF THE OPERATION (1) A proposed concentration was notified on 10 December 1990 pursuant to Article 4 of Council Regulation No 4064/89, consisting of the acquisi- tion by Sicind, a wholly-owned subsidiary of Fiat, . from Samag, a wholly-owned subsidiary of Alcatel Alsthom Compagnie Générale d’Electricité (Alcatel () OJ No L 395, 30. 12. 1989, p. 1, as amended in O] No L 257, 21. 9. 1990, p. 13. - () OJ No C 209, 10. 8. 1991, p. 11. @ &) “ Alsthom), formally known as CGE, of 50,1 % of the shares of the Compagnie européenne d’Accu- mulateurs (CEAc). Samag currently holds 98.4 % of the shares of CEAc. : II. THE PARTIES Fiat had a consolidated wotldwide turnover of ECU 33,294 000 million in 1989. Its Community-wide turnover in 1989 was ECU 29,315 000 million of which 63 % was achieved in Italy. The Fiat group is active in particular in the automobile and indus- trial vehicles, agricultural machinery, road construc- tion machines, automotive parts and electric components sectors as well as in a number of other diversified sectors. It is intended that control of CEAc will be exercised by Magneti Marelli, a subsi- diary of Fiat. Magneti Marelli is a producer of auto- motive parts. Its worldwide turnover was ECU 2,560 000 million in 1989, CEAc is a producer of starter batteries, stationary batteries and traction batteries. It achieved a world- wide turnover of ECU 275 million in 1989 and a Community-wide turnover of ECU 252 million. 1II. CONTEXT OF THE ACQUISITION The notified operation is one of the components of a ‘framework agreement’ entered into between Fiat and Alcatel Alsthom, the other main elements of which are as follows :