Prior notification of a concentration (Case M.10980 – TOKYU / MARUBENI / ORIX / FUJITSU / JV) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 450/10
Date: 2022-11-28
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, financial services, hire purchase, hotel industry, information technology industry, investment company, life assurance, merger control, provision of services, rail network








C_2022450EN.01001401.xml










28.11.2022   


EN


Official Journal of the European Union


C 450/14






Prior notification of a concentration
(Case M.10980 – TOKYU / MARUBENI / ORIX / FUJITSU / JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 450/10)

1.   
On 18 November 2022, 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:






—


Tokyu corporation (‘Tokyu’, Japan),










—


Fujitsu Limited (‘Fujitsu’, Japan),










—


Marubeni Corporation (‘Marubeni’, Japan),










—


Orix Corporation (‘Orix’, Japan).




Tokyu, Marubeni, Orix and Fujitsu will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the JV.
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 the following:






—


Tokyu is a Japanese multinational company. Its main activity is the operation of railways in the Greater Tokyo Area. It also engages in urban development and operates a hotel and resort business,










—


Fujitsu is a Japanese multinational information and communications technology equipment and services provider,










—


Marubeni is a trading and investment company with diverse business activities across wide-ranging fields,










—


ORIX is a financial services group which provides leasing services. Moreover, ORIX operates lending, investment, life insurance, banking, asset management, automobile-related, real estate and environment and energy-related businesses.






3.   

The business activities of the newly set up JV will be the following: redeveloping Todoroki Ryokuchi, a park in Kawasaki (Japan) comprising public gardens, a museum and a sports complex.



4.   

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.



5.   

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.



6.   
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.10980 – TOKYU / MARUBENI / ORIX / FUJITSU / JV
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.