# C_2020268EN.01001801.xml

| 14.8.2020 | EN | Official Journal of the European Union | C 268/18 |
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14.8.2020

EN

Official Journal of the European Union

C 268/18

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Prior notification of a concentration

(Case M.9572 – BMW/Daimler/Ford/Porsche/Hyundai/Kia/IONITY)

Candidate case for simplified procedure

(Text with EEA relevance)

(2020/C 268/06)

1.

This notification concerns the following undertakings:

| — | BMW AG (‘BMW’, Germany), |
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BMW AG (‘BMW’, Germany),

| — | Daimler AG (‘Daimler’, Germany), |
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Daimler AG (‘Daimler’, Germany),

| — | Ford Motor Company (‘Ford’, USA), |
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Ford Motor Company (‘Ford’, USA),

| — | Dr Ing. h.c. F. Porsche Aktiengesellschaft (‘Porsche’, Germany). Porsche is part of the Volkswagen Group, |
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Dr Ing. h.c. F. Porsche Aktiengesellschaft (‘Porsche’, Germany). Porsche is part of the Volkswagen Group,

| — | Hyundai Motor Company (‘Hyundai’, South Korea), which indirectly controls Kia Motor Corporation (‘Kia’, South Korea). Hyundai and Kia (together ‘Hyundai’) both belong to the Hyundai Motor Group (South Korea). |
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Hyundai Motor Company (‘Hyundai’, South Korea), which indirectly controls Kia Motor Corporation (‘Kia’, South Korea). Hyundai and Kia (together ‘Hyundai’) both belong to the Hyundai Motor Group (South Korea).

BMW, Daimler, Ford, Porsche and Hyundai acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control of the whole of IONITY Holding GmbH & Co. KG (‘IONITY’, Germany), a full function joint venture established in 2017 by BMW, Daimler, Ford and Porsche.

The concentration is accomplished by way of purchase of shares.

2.

| — | for BMW: is globally active in the development, production and marketing of passenger cars and motorbikes. BMW and its affiliates also provide financial services for private and business customers, |
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for BMW: is globally active in the development, production and marketing of passenger cars and motorbikes. BMW and its affiliates also provide financial services for private and business customers,

| — | for Daimler: is globally active in the development, manufacturing and sale of passenger cars and commercial vehicles. Provision of automotive financial services, including financial, leasing, insurance and fleet management services, |
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for Daimler: is globally active in the development, manufacturing and sale of passenger cars and commercial vehicles. Provision of automotive financial services, including financial, leasing, insurance and fleet management services,

| — | for Ford: is globally active in the development, manufacturing and distribution of passenger cars and commercial vehicles and provision of related financial services and leasing options, |
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for Ford: is globally active in the development, manufacturing and distribution of passenger cars and commercial vehicles and provision of related financial services and leasing options,

| — | for Porsche: is globally active in designing, manufacturing and distributing high-performance sports cars, SUVs and sedans. Porsche is part of the Volkswagen Group. The activities of Volkswagen Group include the design, manufacture, supply and distribution of passenger and light commercial vehicles, trucks, buses, motorbikes and spare parts as well as related financial, insurance and banking services, |
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for Porsche: is globally active in designing, manufacturing and distributing high-performance sports cars, SUVs and sedans. Porsche is part of the Volkswagen Group. The activities of Volkswagen Group include the design, manufacture, supply and distribution of passenger and light commercial vehicles, trucks, buses, motorbikes and spare parts as well as related financial, insurance and banking services,

| — | for Hyundai: globally active in the manufacturing of motor vehicles. Hyundai also offers financial services through its subsidiary Hyundai Capital Services Inc. Hyundai and Kia manufacture motor vehicles primarily in South Korea and distribute them globally. Hyundai Capital Services Inc. mainly promotes the sale of vehicles through financing services offered in Canada, China, Germany, the UK and the US, |
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for Hyundai: globally active in the manufacturing of motor vehicles. Hyundai also offers financial services through its subsidiary Hyundai Capital Services Inc. Hyundai and Kia manufacture motor vehicles primarily in South Korea and distribute them globally. Hyundai Capital Services Inc. mainly promotes the sale of vehicles through financing services offered in Canada, China, Germany, the UK and the US,

| — | for IONITY: is active across Europe in installing, operating and maintaining a publicly accessible high-power charging infrastructure for battery-electric vehicles along motorways and trunk roads in Europe. |
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for IONITY: is active across Europe in installing, operating and maintaining a publicly accessible high-power charging infrastructure for battery-electric vehicles along motorways and trunk roads in Europe.

3.

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 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:

Case M.9572 – BMW/Daimler/Ford/Porsche/Hyundai/Kia/IONITY

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

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

Fax +32 22964301

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)  OJ C 366, 14.12.2013, p. 5.

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