Prior notification of a concentration (Case M.7426 — Gallant Venture/Sumitomo/Toyota Motor/Indonesian JV) — Candidate case for simplified procedure  Text with EEA relevance
Date: 2014-10-17
Institutions: European Commission
Subjects: Indonesia, Japan, economic concentration, merger control, motor vehicle industry, public sector








C_2014368EN.01001901.xml










17.10.2014   


EN


Official Journal of the European Union


C 368/19





Prior notification of a concentration
(Case M.7426 — Gallant Venture/Sumitomo/Toyota Motor/Indonesian JV)
Candidate case for simplified procedure
(Text with EEA relevance)
2014/C 368/12






1.


On 10 October 2014, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Hino Motors, Ltd (‘Hino’, Japan), Indomobil Multi Jasa, TBK. (‘Indomobil’, Indonesia), and Summit Global Auto Management, B.V. (‘Summit’, Netherlands), owned by the Sumitomo Corporation (‘Sumitomo’, Japan), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of a newly created company constituting a joint venture, PT. Hino Finance Indonesia, (‘JVC’, Indonesia) by way of purchase of shares.










2.


The business activities of the undertakings concerned are:






—


Hino, part of Toyota Motors Corporation, is a producer of heavy-duty trucks and buses in Japan. Its product portfolio also includes light-commercial vehicles, passenger vehicles (commissioned from Toyota Motor Corporation) and a variety of engines and spare parts. Hino also designs and develops related products.










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Indomobil is an Indonesian-based company primarily active in vehicle sales distribution, after sales service, vehicle ownership financing, spare part distribution vehicle assembly, automotive parts/component manufacturing and other related support services. They are the sole agents in Indonesia for a number of international automobile brands.










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Sumitomo is an integrated Japan-based public trading company active in a variety of business sectors, both within and outside Japan, including: metal products, transportation and construction systems, environment and infrastructure, media, network and lifestyle related goods, mineral resources, energy, chemical and electronics.














3.


On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under 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.


The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7426 — Gallant Venture/Sumitomo/Toyota Motor/Indonesian JV, to the following address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË










(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.