# C_2016421EN.01000801.xml

| 16.11.2016 | EN | Official Journal of the European Union | C 421/8 |
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16.11.2016

EN

Official Journal of the European Union

C 421/8

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Prior notification of a concentration

(Case M.8256 — NEC Corporation/Sumitomo Mitsui Banking Corporation/brees Corporation)

Candidate case for simplified procedure

(Text with EEA relevance)

(2016/C 421/07)

| 1. | On 8 November 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which NEC Corporation, ultimate parent company of the NEC Group (‘NEC’, Japan) and the Sumitomo Mitsui Banking Corporation (‘SMBC’, Japan) belonging to the Sumitomo Mitsui Financial Group Inc. acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of brees Corporation (‘brees’, Japan), a full-function joint venture, by way of purchase of shares. |
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1.

On 8 November 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which NEC Corporation, ultimate parent company of the NEC Group (‘NEC’, Japan) and the Sumitomo Mitsui Banking Corporation (‘SMBC’, Japan) belonging to the Sumitomo Mitsui Financial Group Inc. acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of brees Corporation (‘brees’, Japan), a full-function joint venture, by way of purchase of shares.

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| 2. | The business activities of the undertakings concerned are:
  —   for NEC: the provision of equipment and IT solutions such as mobile terminals, computer equipment, software products, networking and sensing technologies to the public and private sectors, globally;
  —   for SMBC: the provision of commercial financial services such as trade finance, syndicated loans, project finanance, currency clearing, cash management services and custody and securities services, globally;
  —   for brees: the provision of services related to payments in convenience stores using mobile barcodes, exclusively active in Japan. |
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2.

The business activities of the undertakings concerned are:

—   for NEC: the provision of equipment and IT solutions such as mobile terminals, computer equipment, software products, networking and sensing technologies to the public and private sectors, globally;

for NEC

—   for SMBC: the provision of commercial financial services such as trade finance, syndicated loans, project finanance, currency clearing, cash management services and custody and securities services, globally;

for SMBC

—   for brees: the provision of services related to payments in convenience stores using mobile barcodes, exclusively active in Japan.

for brees

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice. |
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3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice.

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| 4. | The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
  Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8256 — NEC Corporation/Sumitomo Mitsui Banking Corporation/brees Corporation, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8256 — NEC Corporation/Sumitomo Mitsui Banking Corporation/brees Corporation, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

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(2)  OJ C 366, 14.12.2013, p. 5.

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