# C_2021282EN.01000501.xml

| 14.7.2021 | EN | Official Journal of the European Union | C 282/5 |
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14.7.2021

EN

Official Journal of the European Union

C 282/5

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Prior notification of a concentration

(Case M.10299 - DBS/JPMC/Temasek/Techco JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2021/C 282/04)

1.

This notification concerns the following undertakings:

| — | DBS Bank Ltd (‘DBS’, Signapore), |
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DBS Bank Ltd (‘DBS’, Signapore),

| — | JPMorgan Chase & Co (‘JPMC’, USA), |
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JPMorgan Chase & Co (‘JPMC’, USA),

| — | Temasek Holdings (Private) Limited (‘Temasek’, Singapore) |
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Temasek Holdings (Private) Limited (‘Temasek’, Singapore)

| — | Techco Joint Venture (‘Techco JV’, Singapore). |
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Techco Joint Venture (‘Techco JV’, Singapore).

DBS, JPMC and Temasek acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Techco JV.

The concentration is accomplished by way of purchase of shares.

2.

| — | for DBS: multinational banking and financial services corporation, providing services in consumer banking, wealth management and institutional banking. |
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for DBS: multinational banking and financial services corporation, providing services in consumer banking, wealth management and institutional banking.

| — | for JPMC: global financial services firm, providing services in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. |
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for JPMC: global financial services firm, providing services in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.

| — | for Temasek: investment company whose portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; consumer & real estate; energy & resources; life sciences & agribusiness. |
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for Temasek: investment company whose portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; consumer & real estate; energy & resources; life sciences & agribusiness.

| — | for Techco JV: private limited company that will own and operate globally an electronic platform using blockchain technology to support the clearing and settlement of inter-bank payments. |
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for Techco JV: private limited company that will own and operate globally an electronic platform using blockchain technology to support the clearing and settlement of inter-bank payments.

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.10299 - DBS/JPMC/Temasek/Techco 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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