Prior notification of a concentration (Case M.8840 — Apollo/JSW/Monnet) — Candidate case for simplified procedure (Text with EEA relevance. )
Date: 2018-03-14
Institutions: European Commission
Subjects: chemical industry, economic concentration, financial services, investment company, iron and steel industry, medical institution, merger control, packaging product, pleasure craft, security services








C_2018096EN.01003301.xml










14.3.2018   


EN


Official Journal of the European Union


C 96/33





Prior notification of a concentration
(Case M.8840 — Apollo/JSW/Monnet)
Candidate case for simplified procedure
(Text with EEA relevance)
(2018/C 96/09)






1.


On 2 March 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


AION Investments Private II Limited, controlled by investment funds managed by affiliates of Apollo Capital Management, L.P. (‘Apollo’) (United States),










—


JSW Steel Limited (‘JSW’) (India),










—


Monnet Ispat and Energy Limited (‘Monnet’) (India).




Apollo and JSW acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of Monnet.
The concentration is accomplished by way of purchase of shares.










2.


The business activities of the undertakings concerned are:
—   for Apollo: affiliates of Apollo invest in companies and debt issued by companies in various businesses throughout the world. Examples of current investments include, inter alia, companies in the chemical, cruise line, hospital, security, financial services and glass packaging businesses.
—   for JSW: JSW is an Indian-based company engaged in the manufacture and sale of iron and steel products in India and abroad. In India, JSW’s plants are located across Karnataka, Tamil Nadu and Maharashtra. Outside of India, JSW owns a plate and pipe mill in the United States, and mining assets in the United States and elsewhere.
—   for Monnet: Monnet is an Indian-based company engaged in the manufacture and sale of primary steel and sponge iron, steel and ferro alloys. Monnet is also active in the mining of minerals like coal and iron ore in India.










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. The following reference should always be specified:
M.8840 — Apollo/JSW/Monnet
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





Email: COMP-MERGER-REGISTRY@ec.europa.eu




Fax +32 22964301




Postal 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.