# C_2023098EN.01003401.xml

| 16.3.2023 | EN | Official Journal of the European Union | C 98/34 |
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16.3.2023

EN

Official Journal of the European Union

C 98/34

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Prior notification of a concentration

(Case M.11028 – THE HANWHA GROUP / DAEWOO SHIPBUILDING MARINE ENGINEERING)

Candidate case for simplified procedure

(Text with EEA relevance)

(2023/C 98/05)

1.

This notification concerns the following undertakings:

| — | The Hanwha Group, (‘the Hanwha Group’, South Korea), ultimately controlled by the Seung Youn Kim family, |
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The Hanwha Group, (‘the Hanwha Group’, South Korea), ultimately controlled by the Seung Youn Kim family,

| — | Daewoo Shipbuilding Marine Engineering Co., Ltd (‘DSME’, South Korea), controlled by its majority shareholder, the Korea Development Bank. |
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Daewoo Shipbuilding Marine Engineering Co., Ltd (‘DSME’, South Korea), controlled by its majority shareholder, the Korea Development Bank.

The Hanwha Group will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of DSME.

The concentration is accomplished by way of a purchase of shares.

2.

| — | The Hanwha Group, comprising (i) Hanwha Corporation and (ii) Hanwha Energy as well as their respective affiliates (2) is based in South Korea. The Hanwha Group is controlled by the Seung Youn Kim family (pursuant to the South Korean law applying to family-run chaebol groups). The Hanwha Group is active in aerospace and mechatronics; chemicals products and materials; solar, renewable energy and energy solutions; financial services; construction, leisure and lifestyle. |
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The Hanwha Group, comprising (i) Hanwha Corporation and (ii) Hanwha Energy as well as their respective affiliates (2) is based in South Korea. The Hanwha Group is controlled by the Seung Youn Kim family (pursuant to the South Korean law applying to family-run chaebol groups). The Hanwha Group is active in aerospace and mechatronics; chemicals products and materials; solar, renewable energy and energy solutions; financial services; construction, leisure and lifestyle.

| — | DSME is a South Korean shipbuilding and ocean infrastructure company. DSME manufactures a wide range of commercial vessels and supplies offshore facilities construction related products. In addition, DSME also designs and builds naval and specialty ships such as submarines and surface ships for military use. |
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DSME is a South Korean shipbuilding and ocean infrastructure company. DSME manufactures a wide range of commercial vessels and supplies offshore facilities construction related products. In addition, DSME also designs and builds naval and specialty ships such as submarines and surface ships for military use.

3.

Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (3) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.11028 – THE HANWHA GROUP / DAEWOO SHIPBUILDING MARINE ENGINEERING

Observations can be sent to the Commission by email or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:

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

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)  (i) Hanwha Corporation, controlled by the SYK Family, controls a number of companies including the acquiring entities: Hanwha Aerospace Co. Ltd. And Hanwha Systems Co. Ltd., and (ii) Hanwha Energy, wholly-owned by the SYK Family, controls a number of companies including the acquiring entities: Hanwha Convergence Co. Ltd., Hanwha Impact Partners Inc., Hanwha Energy Corporation Singapore Pte. Ltd.

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

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