# C_2018423EN.01002301.xml

| 23.11.2018 | EN | Official Journal of the European Union | C 423/23 |
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23.11.2018

EN

Official Journal of the European Union

C 423/23

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Prior notification of a concentration

(Case M.9166 — Santander Group/Hyundai Motor Company Group/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2018/C 423/09)

1.

This notification concerns the following undertakings:

| — | Santander Consumer Bank AG (‘SCB’, Spain), solely controlled by Santander Banco Santander, S.A. (‘Santander’, Spain), |
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Santander Consumer Bank AG (‘SCB’, Spain), solely controlled by Santander Banco Santander, S.A. (‘Santander’, Spain),

| — | Hyundai Capital Services Inc. (‘HCS’, South Korea), solely controlled by Hyundai Motor Company (‘HCM’, South Korea). |
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Hyundai Capital Services Inc. (‘HCS’, South Korea), solely controlled by Hyundai Motor Company (‘HCM’, South Korea).

The proposed concentration consists of the acquisition of joint control by Santander, through its subsidiary SCB, and HCM, through its subsidiary HCS, over a newly created joint venture (the ‘JV’).

The Transaction is accomplished by way of purchase of shares.

2.

| — | Santander is active in retail banking, asset management, corporate and investment banking, treasury and insurance. Santander operates across Europe, as well as in the United States, Latin America, and Asia, |
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Santander is active in retail banking, asset management, corporate and investment banking, treasury and insurance. Santander operates across Europe, as well as in the United States, Latin America, and Asia,

| — | HCM is a manufacturer of motor vehicles. HCM also offers financial services through its subsidiary HCS, |
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HCM is a manufacturer of motor vehicles. HCM also offers financial services through its subsidiary HCS,

| — | the JV will offer automotive financing services related to Hyundai and Kia-branded motor vehicles in Europe, as well as related services, such as insurance. |
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the JV will offer automotive financing services related to Hyundai and Kia-branded motor vehicles in Europe, as well as related services, such as insurance.

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.9166 — Santander Group/Hyundai Motor Company Group/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 |
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| Fax +32 22964301 |
| Postal address: |
| European Commission |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

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

Fax +32 22964301

Postal address:

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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