Prior notification of a concentration (Case M.9215 — Sumitomo Corporation/Toyota Motor Corporation/Kinto Corporation) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2018-12-04
Institutions: European Commission
Subjects: economic concentration, electronics industry, energy industry, investment company, merger control, metallurgical industry, motor vehicle industry, rental business








C_2018437EN.01003801.xml










4.12.2018   


EN


Official Journal of the European Union


C 437/38






Prior notification of a concentration
(Case M.9215 — Sumitomo Corporation/Toyota Motor Corporation/Kinto Corporation)
Candidate case for simplified procedure
(Text with EEA relevance)
(2018/C 437/10)

1.   
On 27 November 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:






—


Sumitomo Corporation (Japan),










—


Toyota Motor Corporation (Japan),










—


Kinto Corporation (Japan).




Sumitomo Corporation and Toyota Motor Corporation acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Kinto Corporation, a newly created company constituting a joint venture (the ‘JV’).
The concentration is accomplished by way of purchase of shares and contribution of assets.


2.   
The business activities of the undertakings concerned are:
—   for Sumitomo Corporation: a trading and investment company active in automobile leasing, trading of metal products, transportation, media, mineral resources, energy, chemicals and electronics,
—   for Toyota Motor Corporation: a company active in manufacturing, sale, leasing and repair of motor vehicles, ships, aircraft and other transportation equipment, as well as in the sale of material-handling equipment,
—   for the JV: supply of mobility services, including leasing services, in Japan.


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 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.9215 — Sumitomo Corporation/Toyota Motor Corporation/Kinto Corporation
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.