# m8866.docx

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EUROPEAN COMMISSION

Brussels, 4.7.2018

C(2018) 4392 final

PUBLIC VERSION

To the notifying parties:

To the notifying parties:

Subject:Case M.8866 - MEC / MITSUI / SDPSK / JV

  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
  1
  and Article 57 of the Agreement on the European Economic Area
  2

Subject

:

Case

M.8866 - MEC / MITSUI / SDPSK / JV

Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)

No

139/2004

1

and Article 57 of the Agreement on the European Economic Area

2

Dear Sir or Madam,

Dear Sir or Madam,

1.On 11 June 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings Mitsubishi Estate Co. Ltd. ("MEC", Japan), Mitsui & Co., Ltd. ("Mitsui", Japan) and Sime Darby Property (Sungai Kapar) Sdn Bhd ("SDPSK", Malaysia) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Sime Darby MIT Development Sdn Bhd (the "JV", Malaysia) by way of purchase of shares.
  3

1.

On

11 June 2018,

the

European

Commission received notification of a proposed concentration pursuant to Article 4 of

the

Merger

Regulation by which

the undertakings

Mitsubishi Estate Co. Ltd. ("MEC", Japan), Mitsui & Co., Ltd. ("Mitsui", Japan) and Sime Darby Property (Sungai

Kapar

)

Sdn

Bhd

("SDPSK", Malaysia)

acquire within the meaning of Article 3(1)(b)

and 3(4)

of the Merger Regulation joint control

of Sime Darby MIT Development

Sdn

Bhd

(the "JV", Malaysia)

by way of purchase of shares

.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

-For MEC: real-estate development, also engaged in property management.

-

F

or MEC: real-estate development, also engaged in property management.

-For Mitsui: trading house engaged in a number of world-wide commodity and other businesses.

-

F

or Mitsui: trading house engaged in a number of world-wide commodity and other businesses.

-For SDPSK: property development in Malaysia. SDPSK belongs to the

  SD-Property Group, a multi-national group engaged in property related businesses.

-

For

SDPSK: property development in Malaysia. SDPSK belongs to the

SD-

P

roperty Group, a multi-national group engaged in property related businesses.

-For the JV: acquisition and development of parcels of land measuring approximately 38 acres in Selangor, Malaysia. The JV will develop property as a built-to-suit logistics / industrial park.

-

For the JV: acquisition and development of parcels of land measuring approximately 38 acres in Selangor, Malaysia. The JV will develop property as a built-to-suit logistics / industrial park.

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(a) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
  4

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

(

a

)

of the Commission Notice on a simplified procedure for treatment of certain concentrations under

Council Regulation (EC)

No

139/2004

.

4

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 and Article 57 of the EEA Agreement.

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

and Article 57 of the EEA Agreement

.

For the Commission

For the Commission

(Signed)

  Johannes LAITENBERGER
  Director-General

(Signed)

Johannes LAITENBERGER

Director

-

General

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.

OJ C 366, 14.12.2013, p. 5.