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, 27.6.2019  
C(2019)  5008 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M.9327 -  YZJ GROUP  / MITSUI E&S GROUP / MITSUI & CO 
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 3 June 2019, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Mitsui E&S 
Shipbuilding Co., Ltd (Japan) (“MES”) and Mitsui E&S Co., Ltd (China) (“MIC”), both 
belonging to the Mitsui E&S Group ( “the Mitsui E&S Group”)  which is ultimately 
controlled by Mitsui E&S Holding Co Ltd, Mitsui & Co., Ltd (Japan), and Jiangsu 
Yangzijiang  Shipbuilding Co., Ltd (China), belonging to the YZJ Group (“the YZJ 
Group”)  which is ultimately controlled by Yangzijiang Shipbuilding (Holdings) Ltd  (all 
together “the Parties”),  acquire within the meaning of Article s 3(1)(b) and 3(4) of the Me rger 
Regulation joint control of  Jiangsu Yangzi -Mitsui  Shipbuilding Co., Ltd (China) (“the JV”) 
(“the Transaction”).  
The concentration is accomplished by way of purchase of shares  and contribution of assets 
in a newly created company constituting a joint venture .3 
2. The business activities of the undertakings concerned are:  
− for the Mitsui E&S  Group: active in the manufacturing of ships, such as naval ships, 
bulk carriers, tankers and LNG carriers, as well as in the provision of engineering and 
consulting services. The MES Group is also engaged in the wholesale, import and 
export of ships and m arine equipment;  
                                                 
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  OJ L 1, 3.1.1994, p . 3 (the 'EEA Agreement '). 
3  Publication in the Official Journal of the European Union No C 196, 12.06.2019 , p. 25. 

2 − for the Mitsui & Co Ltd: worldwide provision of logistics and financing of major 
international infrastructure developments in fields, such as, iron, steel, mineral and 
metal resources, and transportation systems;  
− for the YZJ Group: active in the manufacturing of commercial ships, including 
container ships, bulk vessels and special vessels, as well as in financial investment and 
metal trading ; 
− for the JV: to be active in the shipbuilding of merchant ships , in particular, bulk 
carriers, oil t ankers and LNG carriers , for the Chinese and worldwide markets . 
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) 
and 5( c) of the Commission Notice on a simplified procedure for treatment of cert ain 
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 application of 
Article 6(1)(b) of the Merger  Regulation  and Article 57 of the EEA Agreement . 
For the Commission 
 
 
(Signed)  
Johannes LAITENBERGER 
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5.