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,  19.01.2021  
C(2021 ) 387 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M.10037 - MITSUI / VEOLIA / JV  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 2 and Article 57 of the Agreement on the European 
Economic Area3  
Dear Sir or Madam,  
1. On 8 December 2020 , the European Commission received notification of a proposed 
conc entration pursuant to Article 4 of the Merger  Regulation by which Mitsui & Co., 
Ltd (“Mitsui”, Japan) and Veolia Japan K.K. (“Veolia”, Japan), controlled by Veolia 
Environnement (France) , acquire within the meaning of Article 3(1)(b) and 3(4) of the 
Merger Regulation joint control of a newly created company constituting a joint 
venture, namely Circular PET Co. , Ltd (“Circular PET”, Japan).  The concentration is 
accomplished by way of purchase of shares.4 
2. The business activities of the undertakings concerned are:  
 Mitsui is a trading, business management and project development company, 
headquartered in Tokyo, Jap an. Mitsui operates worldwide and is active in 
various sectors, including: (i) iron & steel products; (ii) mineral & metal 
resources; (iii) infrastructure projects; (iv) mobility; (v) basic chemicals; (vi) 
performance chemicals; (vii) energy; (viii) food r esources; (ix) consumer 
services; and (x) IT & communication / corporate development,  
 
                                                 
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 ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  For the purposes of  this Decision, although the United Kingdom withdrew from the European Union as 
of 1 February 2020, according to Article 92 of the Agreement on the withdrawal of the United 
Kingdom of Great Britain and Northern Ireland from the European Union and the Europ ean Atomic 
Energy Community (OJ L 29, 31.1.2020, p. 7), the Commission continues to be competent to apply 
Union law as regards the United Kingdom for administrative procedures which were initiated before the 
end of the transition period.  
3  OJ L 1, 3.1.199 4, p. 3 (the ‘EEA Agreement ’). 
4  Publication in the Official Jou rnal of the European Union No C 435 , 16.12.2020 , p. 3. 

2  Veolia is active in environmental management services. It designs and 
provides water, waste and energy management solutions. Veolia is a wholly 
owned subsidiary of Veolia Environnement, which is listed on the Paris stock 
exchange and operates worldwide. Veolia Environnement is headquartered in 
Paris, France,  
 
 Circular PET will be active in the manufacture of recycled polyethylene 
terephthalate using waste polyethylen e terephthalate bottles in Japan.  
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5(a) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .5 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the noti fied 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  
 
                                                 
5  OJ C 366, 14.12.2013, p. 5 .