21.7.92 Official Journal of the European Communities No L 204/1 (Acts whose publication is not obligatory) COMMISSION COMMISSION DECISION of 28 April 1992 declaring the compatibility with the common market of a concentration (Case No IV/M. 126 — Accor/Wagons-Lits) Council Regulation (EEC) No 4064/89 (Only the French text is authentic) (92/385/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 (1), and in particular Article 8 (2) thereof, Having regard to the Commission’s Decision of 16 December 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 given on 26 March 1992 (2), Whereas: I. NATURE OF THE PROCEEDINGS (1)  These proceedings relate to a concentration which was notified to the Commission pursuant to (1) O] No L 395, 30. 12. 1989, p. 1, amended: OJ No L 257, 21. 9.1990, p. 13. (2) OJ No C 184, 21. 7. 1992, p. 2. (2) (3) Article 4 of Regulation (EEC) No 4064/89 (‘the Regulation’). The notification came into effect on 15 November 1991. The concentration involves the proposed acquisition by Accor SA (‘Accor’), through the intermediary of the holding company Cobefin, of all the shares still in circulation of the Compagnie Internationale des Wagons-lits et du Tourisme (CIWLT) by means of a takeover bid preceded by the acquisition of the majority of Cobefin’s capital. II. THE PARTIES Accor is a French catering and hotel group. Its main activities are catering (particularly on motorways), group catering, luncheon vouchers, hotels (including salt-water cures), certain tourism activities (cruises, tour operators, etc.) and certain related services. CIWLT is a Belgian catering, hotel and tourism group. Its main activities are catering (particularly on motorways and on trains), group catering, hotels (including railway sleeping-cars), car hire and travel agencies.