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, 21.5.2021  
C(2021 ) 3804 final  
PUBLIC VERSION  
Magna Metalforming GmbH  
Technologiestraße 8  
1120 Vienna  
Austria  
 
LG Electronics Inc.  
LG Twin Towers, 128  
Yeoui -daero, Yeongdeungpo -gu  
07336 Seoul  
Korea  
Subject : Case M.10196 — Magna /LGE /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 26 April 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which the 
undertakings Magna Metalforming GmbH (“Magna Metalforming”, Austria), a 
wholly -owned indirect subsidiary of Magna Inter national Inc. (“ Magna”, Canada) and 
LG Electronics Inc. ( “LGE ”, South Korea)  acquire within the meaning of Article 
3(1)(b) and 3(4) of the Merger Regulation joint control of the Joint Venture Company 
(“JV”, South Korea)  by way of purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 for Magna : a global automotive supplier which designs,  engineers and 
manufactures com ponents, assemblies, systems, subsystems and modu les for 
original equipment manu facturers of passenger cars and light commerc ial 
vehicles in North America, South A merica, Europe, Asia and Africa,  
                                                 
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 161, 3.05.2021 , p. 5. 

2  for LGE : a Korean -based integrated electronic goods manufacturer with global 
operations and distribution networks thr oughout more than 150 countries , 
 for the JV : the manufacturing and s upply of certain component products, e -Drive 
systems and inverter systems, each for elec tric and hybrid vehicles components 
and systems.  
3. After examination of the notification, the European Commission has concluded that 
the notifie d operation falls within t he scope of the Merger  Regulation  and of 
paragraph 5  (c) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. 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 applicat ion 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 .