# C_2021161EN.01000501.xml

| 3.5.2021 | EN | Official Journal of the European Union | C 161/5 |
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3.5.2021

EN

Official Journal of the European Union

C 161/5

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Prior notification of a concentration

(Case M.10196 — Magna/LGE/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2021/C 161/04)

1.

This notification concerns the following undertakings:

| — | Magna Metalforming GmbH (‘Magna Metalforming’, Austria), a wholly-owned indirect subsidiary of Magna International Inc. (‘Magna’, Canada), |
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Magna Metalforming GmbH (‘Magna Metalforming’, Austria), a wholly-owned indirect subsidiary of Magna International Inc. (‘Magna’, Canada),

| — | LG Electronics Inc. (LGE, South Korea), |
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LG Electronics Inc. (LGE, South Korea),

| — | Joint Venture Company (‘JV’, South Korea). |
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Joint Venture Company (‘JV’, South Korea).

Magna Metalforming and LGE acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the JV.

The concentration is accomplished by way of purchase of shares.

2.

| — | for Magna: a global automotive supplier which designs, engineers and manufactures components, assemblies, systems, subsystems and modules for original equipment manufacturers of passenger cars and light commercial vehicles in North America, South America, Europe, Asia and Africa, |
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for Magna: a global automotive supplier which designs, engineers and manufactures components, assemblies, systems, subsystems and modules for original equipment manufacturers of passenger cars and light commercial vehicles in North America, South America, Europe, Asia and Africa,

| — | for LGE: a Korean-based integrated electronic goods manufacturer with global operations and distribution networks throughout more than 150 countries, |
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for LGE: a Korean-based integrated electronic goods manufacturer with global operations and distribution networks throughout more than 150 countries,

| — | for the JV: the manufacturing and supply of certain component products, e-Drive systems and inverter systems, each for electric and hybrid vehicles components and systems. |
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for the JV: the manufacturing and supply of certain component products, e-Drive systems and inverter systems, each for electric and hybrid vehicles components and systems.

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:

M.10196 — Magna/LGE/JV

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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