Document ID: 32014M7258
Language: ENG

Important legal notice
| 32014M7258
Commission Decision of 11/06/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7258 - TTC / SCHOLZ) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)
|EUROPEAN COMMISSION |
Brussels, 11.6.2014
C(2014) 4006 final
PUBLIC VERSION
SIMPLIFIED MERGER PROCEDURE
To the notifying parties | |
| | Dear Sirs,
Subject: Case M.7258 - TTC/ SCHOLZ Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 [1]
1. On 12.05.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Toyota Tsusho Corporation (“TTC”, Japan) and the Scholz family shareholders intend to acquire within the meaning of Art. 3 (1) (b) of the Merger Regulation Regulation joint control of the undertaking Scholz AG (“Scholz”, Germany) by way of purchase of shares.
2. The business activities of the undertakings concerned are:
- for TTC : Logistics services for the automotive industry, and trading of metals, machinery, chemicals and other products
- for Scholz family shareholders: Holding shares in Scholz and other companies mainly investing in real estate
- for Scholz: trading and processing of ferrous and non-ferrous scrap and steel. [2]
3. After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004. [3]
4. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation.
For the Commission (signed) Alexander ITALIANER Director General
[1]OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by "internal market". The terminology of the TFEU will be used throughout this decision.
[2] Publication in the Official Journal of the European Union No C 150, 17.05.2014, p.11.
[3] OJ C 366, 14.12.2013, p. 5.