Prior notification of a concentration (Case M.7403 — CSSC Investment/Wärtsilä Dutch Holding/Wärtsilä Switzerland) — Candidate case for simplified procedure  Text with EEA relevance
Date: 2014-12-04
Institutions: European Commission
Subjects: China, economic concentration, energy industry, engine, merger control, shipbuilding








C_2014434EN.01001601.xml










4.12.2014   


EN


Official Journal of the European Union


C 434/16





Prior notification of a concentration
(Case M.7403 — CSSC Investment/Wärtsilä Dutch Holding/Wärtsilä Switzerland)
Candidate case for simplified procedure
(Text with EEA relevance)
(2014/C 434/08)






1.


On 26 November 2014, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings China State Shipbuilding Corporation (‘CSSC’, China), ultimately controlled by the Chinese state, and Wärtsilä Corporation (‘Wärtsilä’, Finland) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the undertaking Wärtsilä Switzerland Ltd (‘WCH’, Switzerland) by way of purchase of shares. Currently, WCH is solely controlled by Wärtsilä.










2.


The business activities of the undertakings concerned are:
—   for CSSC: CSSC is the parent company of one of the largest shipbuilding conglomerates in China (the CSSC Group), operating various shipyards, marine-related equipment manufacturers, research institutes and shipbuilding related companies as well as activities in aerospace, construction, power generation, petrochemicals, hydraulic engineering, environmental protection, metallurgy, railway and light industry,
—   for Wärtsilä: Wärtsilä is the parent company of the Wärtsilä Group which is active in the supply of complete lifecycle power solutions for the marine and energy markets. Wärtsilä Group supplies ship power for builders, owners and operators of vessels and offshore installations. It has a global service network for customers’ ship machinery at every lifecycle stage, and is a provider of power plants, operation and lifetime care services in decentralized power generation,
—   for WCH: WCH is active in the development and licensing of 2-stroke low speed marine engine technology.










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 the 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 this 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 e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number Case M.7403 — CSSC Investment/Wärtsilä Dutch Holding/Wärtsilä Switzerland, 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.