Prior notification of a concentration (Case M.9758 — Toyota Financial Services Corporation/Mitsui & Co/Kinto Brasil) Candidate case for simplified procedure (Text with EEA relevance) 2020/C 64/11
Date: 2020-02-27
Institutions: Directorate-General for Competition, European Commission
Subjects: combined transport, economic concentration, financial services, hire purchase, logistics, merger control, motor vehicle industry, vehicle rental








C_2020064EN.01003701.xml










27.2.2020   


EN


Official Journal of the European Union


C 64/37






Prior notification of a concentration
(Case M.9758 — Toyota Financial Services Corporation/Mitsui & Co/Kinto Brasil)
Candidate case for simplified procedure
(Text with EEA relevance)
(2020/C 64/11)

1.   
On 19 February 2020, 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:






—


Toyota Financial Services Corporation (‘TFS’, Japan), controlled by Toyota Motor Corporation (Japan),










—


Mitsui & Co., Ltd. (‘Mitsui’, Japan).




TFS and Mitsui acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created company to be named KINTO Brasil Serviços de Mobilidade Ltda (‘KINTO Brasil’, Brazil).
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.


2.   
The business activities of the undertakings concerned are:






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for TFS: offering a range of financial services globally, including vehicle sales financing and leasing services for individuals and businesses. Controlled by Toyota Motor Corporation, which is engaged, among other activities, in the manufacture, sale, leasing and repair of motor vehicles.










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for Mitsui: engaged in a number of general trading activities worldwide, including worldwide logistics and financing.










—


for KINTO Brasil: the supply of mobility services to end-customers in Brazil. These services include the leasing of vehicle, car sharing services and multi-modal mobility services.






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.9758 — Toyota Financial Services Corporation/Mitsui & Co/Kinto Brasil
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.