# IMMC.MTF_2018_8995_FIN.ENG.xhtml.m8995.docx

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EUROPEAN COMMISSION

EUROPEAN COMMISSION

Brussels, 28.9.2018

Brussels, 28.9.2018

PUBLIC VERSION

C(2018) 6445 final

C(2018) 6445 final

To the notifying party

To the

notifying

party

Subject:Case M.8995 - MAGNA / OLSA

  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.8995 - MAGNA / OLSA

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 4 September 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of the Merger Regulation by which the company Magna Closures S.p.A. ("MAGNA Closures", Italy), a wholly owned subsidiary of Magna International Inc. ("MAGNA", Canada), acquires, within the meaning of Article 3(1)(b) of the Merger Regulation, sole control over the whole of Olsa S.p.A. ("OLSA", Italy) by way of purchase of shares.
  3

1.

On 4 September 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of the Merger Regulation by which the company Magna Closures S.p.A. ("MAGNA Closures", Italy), a wholly owned subsidiary of Magna International Inc. ("MAGNA", Canada), acquires, within the meaning of Article 3(1)(b) of the Merger Regulation, sole control over the whole of Olsa S.p.A. ("OLSA", Italy) 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:

–
     MAGNA is an automotive supplier which manufactures and supplies automotive systems, assemblies, modules and components primarily for passenger cars and light commercial vehicles;

–

MAGNA is an automotive supplier which manufactures and supplies automotive systems, assemblies, modules and components primarily for passenger cars and light commercial vehicles;

–
     OLSA is an automotive supplier which manufactures and supplies lighting products for passenger cars and light commercial vehicles.

–

OLSA is an automotive supplier which manufactures and supplies lighting products for passenger cars and light commercial vehicles.

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.
  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(c) 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


  (Signed)

  Johannes LAITENBERGER
  Director-General

For the Commission

(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.