# C_2015401EN.01000401.xml

| 3.12.2015 | EN | Official Journal of the European Union | C 401/4 |
| --- | --- | --- | --- |

3.12.2015

EN

Official Journal of the European Union

C 401/4

---

Prior notification of a concentration

(Case M.7834 — Sumitomo Corporation/Sumitomo Mitsui Banking Corporation/PT Summit OTO Finance/PT OTO Multiartha)

Candidate case for simplified procedure

(Text with EEA relevance)

(2015/C 401/04)

| 1. | On 26 November 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the Japanese undertakings Sumitomo Corporation (‘SC’) and Sumitomo Mitsui Banking Corporation (‘SMBC’), a subsidiary of Sumitomo Mitsui Financial Group, acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the Indonesian companies PT Summit Oto Finance (‘SOF’) and PT Oto Multiartha (‘OTO’), which currently are subsidiaries of SC, by way of purchase of shares constituting a joint venture. |
| --- | --- |

1.

On 26 November 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the Japanese undertakings Sumitomo Corporation (‘SC’) and Sumitomo Mitsui Banking Corporation (‘SMBC’), a subsidiary of Sumitomo Mitsui Financial Group, acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the Indonesian companies PT Summit Oto Finance (‘SOF’) and PT Oto Multiartha (‘OTO’), which currently are subsidiaries of SC, by way of purchase of shares constituting a joint venture.

1

| 2. | The business activities of the undertakings concerned are:
  —   SC: integrated trading company active in various sectors such as metal products, transportation and construction systems, chemicals and electronics, media, networks and lifestyle retail, and mineral resources.
  —   SMBC: financial company providing commercial banking and correspondent banking services, as well as leasing, securities brokerage, credit cards, consumer loans, venture capital and mortgage securitization services.
  —   OTO: supply of automotive financing in Indonesia.
  —   SOF: supply of motorcycle financing in Indonesia. |
| --- | --- |

2.

The business activities of the undertakings concerned are:

—   SC: integrated trading company active in various sectors such as metal products, transportation and construction systems, chemicals and electronics, media, networks and lifestyle retail, and mineral resources.

SC

—   SMBC: financial company providing commercial banking and correspondent banking services, as well as leasing, securities brokerage, credit cards, consumer loans, venture capital and mortgage securitization services.

SMBC

—   OTO: supply of automotive financing in Indonesia.

OTO

—   SOF: supply of motorcycle financing in Indonesia.

SOF

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

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.

2

| 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 e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7834 — Sumitomo Corporation/Sumitomo Mitsui Banking Corporation/PT Summit OTO Finance/PT OTO Multiartha, 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 e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7834 — Sumitomo Corporation/Sumitomo Mitsui Banking Corporation/PT Summit OTO Finance/PT OTO Multiartha, 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’).

1

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

2

---