# Official Journal C 409/2016

| | ISSN 1977-091X |
| --- | --- |
| Official Journal
  of the European Union | C 409 |
| | |
| English edition | Information and Notices | Volume 595 November 2016 |

ISSN 1977-091X

Official Journal

of the European Union

C 409

English edition

Information and Notices

Volume 595 November 2016

---

| Notice No | Contents | page |
| --- | --- | --- |
| | II   Information |
| | INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2016/C 409/01 | Initiation of proceedings (Case M.7962 — ChemChina/Syngenta) (
  1
  ) | 1 |
| 2016/C 409/02 | Non-opposition to a notified concentration (Case M.8208 — CPPIB/Glencore/Glencore Agri) (
  1
  ) | 1 |

Notice No

Contents

page

II   Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2016/C 409/01

Initiation of proceedings (Case M.7962 — ChemChina/Syngenta) (
  1
  )

1

1

2016/C 409/02

Non-opposition to a notified concentration (Case M.8208 — CPPIB/Glencore/Glencore Agri) (
  1
  )

1

1

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| | IV   Notices |
| --- | --- |
| | NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES |
| | European Commission |
| 2016/C 409/03 | Euro exchange rates | 2 |
| 2016/C 409/04 | New national side of euro coins intended for circulation | 3 |
| 2016/C 409/05 | New national side of euro coins intended for circulation | 4 |

IV   Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

2016/C 409/03

Euro exchange rates

2

2016/C 409/04

New national side of euro coins intended for circulation

3

2016/C 409/05

New national side of euro coins intended for circulation

4

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| | V   Announcements |
| --- | --- |
| | PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY |
| | European Commission |
| 2016/C 409/06 | Prior notification of a concentration (Case M.8059 — Investindustrial/Black Diamond/Polynt/Reichhold) (
  1
  ) | 5 |

V   Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

2016/C 409/06

Prior notification of a concentration (Case M.8059 — Investindustrial/Black Diamond/Polynt/Reichhold) (
  1
  )

1

5

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| | Corrigenda |
| --- | --- |
| 2016/C 409/07 | Corrigendum to the annual report of the Court of Auditors on the activities funded by the 8th, 9th, 10th and 11th European Development Funds (EDFs) concerning the financial year 2015, together with the Commission's replies ( OJ C 375, 13.10.2016 ) | 6 |

Corrigenda

2016/C 409/07

Corrigendum to the annual report of the Court of Auditors on the activities funded by the 8th, 9th, 10th and 11th European Development Funds (EDFs) concerning the financial year 2015, together with the Commission's replies ( OJ C 375, 13.10.2016 )

6

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| | |
| --- | --- |
| | (1)   Text with EEA relevance |

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(1)   Text with EEA relevance

1

| EN | |
| --- | --- |

EN

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II Information

INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 5.11.2016 | EN | Official Journal of the European Union | C 409/1 |
| --- | --- | --- | --- |

5.11.2016

EN

Official Journal of the European Union

C 409/1

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Initiation of proceedings

(Case M.7962 — ChemChina/Syngenta)

(Text with EEA relevance)

(2016/C 409/01)

On 28 October 2016, the Commission decided to initiate proceedings in the above-mentioned case after finding that the notified concentration raises serious doubts as to its compatibility with the internal market. The initiation of proceedings opens a second phase investigation with regard to the notified concentration, and is without prejudice to the final decision on the case. The decision is based on Article 6(1)(c) of Council Regulation (EC) No 139/2004 (1).

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

In order to be fully taken into account in the procedure, observations should reach the Commission not later than 15 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.7962 — ChemChina/Syngenta, to the following address:

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

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

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

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| 5.11.2016 | EN | Official Journal of the European Union | C 409/1 |
| --- | --- | --- | --- |

5.11.2016

EN

Official Journal of the European Union

C 409/1

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Non-opposition to a notified concentration

(Case M.8208 — CPPIB/Glencore/Glencore Agri)

(Text with EEA relevance)

(2016/C 409/02)

On 28 October 2016, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in the English language and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| --- | --- |

—

in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32016M8208. EUR-Lex is the online access to the European law. |
| --- | --- |

—

in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32016M8208. EUR-Lex is the online access to the European law.

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(1)  OJ L 24, 29.1.2004, p. 1.

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IV Notices

NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES

European Commission

| 5.11.2016 | EN | Official Journal of the European Union | C 409/2 |
| --- | --- | --- | --- |

5.11.2016

EN

Official Journal of the European Union

C 409/2

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Euro exchange rates (1)

4 November 2016

(2016/C 409/03)

1 euro =

| | Currency | Exchange rate |
| --- | --- | --- |
| USD | US dollar | 1,1093 |
| JPY | Japanese yen | 114,24 |
| DKK | Danish krone | 7,4412 |
| GBP | Pound sterling | 0,88808 |
| SEK | Swedish krona | 9,9630 |
| CHF | Swiss franc | 1,0774 |
| ISK | Iceland króna | |
| NOK | Norwegian krone | 9,1098 |
| BGN | Bulgarian lev | 1,9558 |
| CZK | Czech koruna | 27,021 |
| HUF | Hungarian forint | 306,13 |
| PLN | Polish zloty | 4,3188 |
| RON | Romanian leu | 4,4995 |
| TRY | Turkish lira | 3,4930 |
| AUD | Australian dollar | 1,4438 |
| CAD | Canadian dollar | 1,4901 |
| HKD | Hong Kong dollar | 8,6034 |
| NZD | New Zealand dollar | 1,5169 |
| SGD | Singapore dollar | 1,5357 |
| KRW | South Korean won | 1 269,41 |
| ZAR | South African rand | 15,0121 |
| CNY | Chinese yuan renminbi | 7,4955 |
| HRK | Croatian kuna | 7,5135 |
| IDR | Indonesian rupiah | 14 519,46 |
| MYR | Malaysian ringgit | 4,6661 |
| PHP | Philippine peso | 53,837 |
| RUB | Russian rouble | 71,0672 |
| THB | Thai baht | 38,803 |
| BRL | Brazilian real | 3,5996 |
| MXN | Mexican peso | 21,2285 |
| INR | Indian rupee | 74,0395 |

Currency

Exchange rate

USD

US dollar

1,1093

JPY

Japanese yen

114,24

DKK

Danish krone

7,4412

GBP

Pound sterling

0,88808

SEK

Swedish krona

9,9630

CHF

Swiss franc

1,0774

ISK

Iceland króna

NOK

Norwegian krone

9,1098

BGN

Bulgarian lev

1,9558

CZK

Czech koruna

27,021

HUF

Hungarian forint

306,13

PLN

Polish zloty

4,3188

RON

Romanian leu

4,4995

TRY

Turkish lira

3,4930

AUD

Australian dollar

1,4438

CAD

Canadian dollar

1,4901

HKD

Hong Kong dollar

8,6034

NZD

New Zealand dollar

1,5169

SGD

Singapore dollar

1,5357

KRW

South Korean won

1 269,41

ZAR

South African rand

15,0121

CNY

Chinese yuan renminbi

7,4955

HRK

Croatian kuna

7,5135

IDR

Indonesian rupiah

14 519,46

MYR

Malaysian ringgit

4,6661

PHP

Philippine peso

53,837

RUB

Russian rouble

71,0672

THB

Thai baht

38,803

BRL

Brazilian real

3,5996

MXN

Mexican peso

21,2285

INR

Indian rupee

74,0395

---

(1)  Source: reference exchange rate published by the ECB.

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| 5.11.2016 | EN | Official Journal of the European Union | C 409/3 |
| --- | --- | --- | --- |

5.11.2016

EN

Official Journal of the European Union

C 409/3

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New national side of euro coins intended for circulation

(2016/C 409/04)

Euro coins intended for circulation have legal tender status throughout the euro area. For the purpose of informing the public and all parties who handle the coins, the Commission publishes a description of the designs of all new coins (1). In accordance with the Council conclusions of 10 February 2009 (2), euro-area Member States and countries that have concluded a monetary agreement with the European Union providing for the issuing of euro coins are allowed to issue commemorative euro coins intended for circulation, provided that certain conditions are met, particularly that only the 2-euro denomination is used. These coins have the same technical characteristics as other 2-euro coins, but their national face features a commemorative design that is highly symbolic in national or European terms.

Issuing country
  : Andorra

Subject of commemoration
  : 25th anniversary of the Radio and Television of Andorra

Description of the design
  : The design shows a microphone and an antenna circled by several circular lines with the inscription ‘25è ANIVERSARI DE RÀDIO I TELEVISIÓ D’ANDORRA’, the year of issuance ‘2016’ and the name of the State of issuance ‘ANDORRA’. This commemorative coin celebrates the 25th anniversary of the establishment of the Andorran public media with the beginning of the broadcast of the Andorran public radio and public television.

The coin’s outer ring depicts the 12 stars of the European flag.

Number of coins to be issued
  :

Date of mintage
  : December 2016

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(1)  See OJ C 373, 28.12.2001, p. 1 for the national faces of all the coins issued in 2002.

(2)  See the conclusions of the Economic and Financial Affairs Council of 10 February 2009 and the Commission Recommendation of 19 December 2008 on common guidelines for the national sides and the issuance of euro coins intended for circulation (OJ L 9, 14.1.2009, p. 52).

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| 5.11.2016 | EN | Official Journal of the European Union | C 409/4 |
| --- | --- | --- | --- |

5.11.2016

EN

Official Journal of the European Union

C 409/4

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New national side of euro coins intended for circulation

(2016/C 409/05)

Euro coins intended for circulation have legal tender status throughout the euro area. For the purpose of informing the public and all parties who handle the coins, the Commission publishes a description of the designs of all new coins (1). In accordance with the Council conclusions of 10 February 2009 (2), euro-area Member States and countries that have concluded a monetary agreement with the European Union providing for the issuing of euro coins are allowed to issue commemorative euro coins intended for circulation, provided that certain conditions are met, particularly that only the 2-euro denomination is used. These coins have the same technical characteristics as other 2-euro coins, but their national face features a commemorative design that is highly symbolic in national or European terms.

Issuing country
  : Andorra

Subject of commemoration
  : 150 years of the New Reform 1866

Description of the design
  : The design shows the main room of ‘Casa de la Vall’ (premises of the Andorran Parliament) with the inscription ‘150 ANYS DE LA NOVA REFORMA DE 1866’, the year of issuance ‘2016’ and the name of the State of issuance ‘ANDORRA’. This commemorative coin celebrates the 150 years of the New Reform Decree, one of the biggest steps on the Andorran and on the Consell General (Andorran Parliament) history, which represented a social and political transformation in the Principality of Andorra.

The coin’s outer ring depicts the 12 stars of the European flag.

Number of coins to be issued
  :

Date of mintage
  : December 2016

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(1)  See OJ C 373, 28.12.2001, p. 1 for the national faces of all the coins issued in 2002.

(2)  See the conclusions of the Economic and Financial Affairs Council of 10 February 2009 and the Commission Recommendation of 19 December 2008 on common guidelines for the national sides and the issuance of euro coins intended for circulation (OJ L 9, 14.1.2009, p. 52).

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V Announcements

PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY

European Commission

| 5.11.2016 | EN | Official Journal of the European Union | C 409/5 |
| --- | --- | --- | --- |

5.11.2016

EN

Official Journal of the European Union

C 409/5

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Prior notification of a concentration

(Case M.8059 — Investindustrial/Black Diamond/Polynt/Reichhold)

(Text with EEA relevance)

(2016/C 409/06)

| 1. | On 26 October 2016, the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which funds affiliated with Investindustrial, through Global Chemicals SARL (‘Investindustrial’, Luxembourg), and funds affiliated with Black Diamond Capital Management L.L.C. (‘Black Diamond’, USA) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the Polynt Group (‘Polynt’, Italy) and the Reichhold Group (‘Reichhold’, USA) by way of purchase of shares. |
| --- | --- |

1.

On 26 October 2016, the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which funds affiliated with Investindustrial, through Global Chemicals SARL (‘Investindustrial’, Luxembourg), and funds affiliated with Black Diamond Capital Management L.L.C. (‘Black Diamond’, USA) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the Polynt Group (‘Polynt’, Italy) and the Reichhold Group (‘Reichhold’, USA) by way of purchase of shares.

| 2. | The business activities of the undertakings concerned are:
  —   Polynt: development, production and distribution of specialty chemicals and performance chemicals. In particular, Polynt is active in the production of UPR, chemical intermediates (anhydrides), related commodities (plasticisers), and specialties (thermoset compounds),
  —   Reichhold: manufacture and supply of resins used in composites and coatings,
  —   Investindustrial: a holding company acquiring and managing shareholdings in other companies,
  —   Black Diamond: an investment advisory firm with a focus on four investment areas: (i) control distressed/private equity funds; (ii) hedge funds; (iii) mezzanine funds and collateralised loan obligations; and (iv) other structured vehicles. |
| --- | --- |

2.

The business activities of the undertakings concerned are:

—   Polynt: development, production and distribution of specialty chemicals and performance chemicals. In particular, Polynt is active in the production of UPR, chemical intermediates (anhydrides), related commodities (plasticisers), and specialties (thermoset compounds),

—   Reichhold: manufacture and supply of resins used in composites and coatings,

—   Investindustrial: a holding company acquiring and managing shareholdings in other companies,

—   Black Diamond: an investment advisory firm with a focus on four investment areas: (i) control distressed/private equity funds; (ii) hedge funds; (iii) mezzanine funds and collateralised loan obligations; and (iv) other structured vehicles.

| 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. |
| --- | --- |

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.

| 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.8059 — Investindustrial/Black Diamond/Polynt/Reichhold, to the following address:





  European Commission |
| --- | --- |
| 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.8059 — Investindustrial/Black Diamond/Polynt/Reichhold, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

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

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Corrigenda

| 5.11.2016 | EN | Official Journal of the European Union | C 409/6 |
| --- | --- | --- | --- |

5.11.2016

EN

Official Journal of the European Union

C 409/6

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Corrigendum to the annual report of the Court of Auditors on the activities funded by the 8th, 9th, 10th and 11th European Development Funds (EDFs) concerning the financial year 2015, together with the Commission's replies

(
  Official Journal of the European Union C 375 of 13 October 2016
  )

(2016/C 409/07)

On page 306 and 307, in the right-hand column ‘The Commission’s replies’, those replies numbered as paragraphs 42, 43 and 44 should be numbered as replies to the paragraphs 39, 40 and 41 of the Court’s observations.

On page 308, in the right-hand column ‘The Commission’s replies’, the reply numbered as paragraph 48 should be numbered as reply to paragraph 45 of the Court’s observations.

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