Prior notification of a concentration (Case M.10090 — Abu Dhabi Developmental Holding Company/Louis Dreyfus Commodities and Energy Holdings/Louis Dreyfus) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 80/06
Date: 2021-03-09
Institutions: Directorate-General for Competition, European Commission
Subjects: agricultural product, agricultural trade, economic concentration, financial services, holding company, investment company, merger control








C_2021080EN.01001701.xml










9.3.2021   


EN


Official Journal of the European Union


C 80/17






Prior notification of a concentration
(Case M.10090 — Abu Dhabi Developmental Holding Company/Louis Dreyfus Commodities and Energy Holdings/Louis Dreyfus)
Candidate case for simplified procedure
(Text with EEA relevance)
(2021/C 80/06)

1.   
On 1 March 2021, 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:






—


Abu Dhabi Developmental Holding Company PJSC (‘ADQ’, United Arab Emirates),










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Louis Dreyfus Commodities and Energy Holdings N.V. (‘LDCEH’, Netherlands), controlled by Akira Holding Foundation,










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Louis Dreyfus Company B.V. (‘LDC’, Netherlands), currently solely controlled by LDCEH.




ADQ and LDCEH acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of LDC.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






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for ADQ: holding company with investments in a number of sectors, including food and agriculture, financial services, industries, logistics, and transport.










—


for LDCEH: financial holding company.










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for LDC: holding company of the Louis Dreyfus Company group of companies, operating as a merchant and processor of agricultural goods, with activities spanning the entire value chain (origination, production, processing, refining, storing, transporting, researching, merchandising, customising, distributing).






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.10090 — Abu Dhabi Developmental Holding Company/Louis Dreyfus Commodities and Energy Holdings/Louis Dreyfus
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.