Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229- 91111. Fax: +32 229- 64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu.  
  EUROPEAN COMMISSION  
Brussels, 11.05.2022  
C(2022) 3196 final  
PUBLIC VERSION  
Selfinvest ApS.  
Turbinevej 10  
5500 Middelfart  
Denmark 
 
LLG A/S.  
Sødalsparken 18 8220 Brabrand  
Denmark 
Subject : Case M. 10710 – SELFINVEST / LLG / SELECTED CAR GROUP JV  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No  139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 13 April 2022, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Selfinvest ApS 
(‘Selfinvest’, Denmark), ultimately controlled by Mr. Torben Østergaard Nielsen, Ms. 
Mia Østergaard Nielsen, an d Ms. Nina Østergaard Borris , and LLG A/S (‘LLG’, 
Denmark), ultimately controlled by members of the Brunsborg family, will acquire 
within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control 
over the whole of Selected Car Group A/ S (‘SCG JV’, Denmark) by way of transfer of 
assets and purchase of shares .3 Selfinvest and LLG will together be referred to as the 
‘Parties’.  
2. The business activities of the undertakings concerned are  the following:  
− Selfinvest is the holding company for a diverse group of companies, mainly 
within the area of shipping. Selfinvest has activities within, for example, global 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009, the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘ Communi ty’ by ‘Union’  and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p. 3 ( the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 170, 25.04.2022, p. 12.  

2 risk management, terminal and stevedoring services, freight forwarding, bunker, 
oil and chemical t ankers, and IT , 
− LLG controls a diverse group of companies primarily within the retail sector, 
including the furniture retail chain JYSK . 
3. SCG JV will hold the existing leasing activities of Selfinvest and LLG, which 
primarily concern the leasing of cars and  vans in the luxury segment. In addition, the 
Parties will transfer their existing, marginal activities within the sale of used vehicles 
to SCG, and Selfinvest will transfer its activities within the investment into luxury 
vehicles.   
4. After examination of t he notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5(c ) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Counci l Regulation (EC) No  139/2004.4 
5. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation and Article 57 of 
the EEA Agreement . 
For the Commission  
  
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5.