Prior notification of a concentration (Case M.10985 – BMHC / ALD / JV) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 3/02
Date: 2023-01-05
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, financial services, hire purchase, hiring, merger control, property leasing, provision of services, rental business, vehicle rental








C_2023003EN.01000201.xml










5.1.2023   


EN


Official Journal of the European Union


C 3/2






Prior notification of a concentration
(Case M.10985 – BMHC / ALD / JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 3/02)

1.   
On 21 December 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:






—


Mitsubishi HC Capital inc. (‘MHC’, Japan),










—


Bangkok Mitsubishi HC Capital Co., Ltd (‘BMHC’, Thailand), controlled by MHC,










—


ALD S.A. (‘ALD’, France), controlled by Société Générale S.A. (France),










—


a newly created company (‘JVco’, Thailand).




MHC, directly and indirectly through BMHC, and ALD will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of JVco.
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:






—


MHC provides a variety of financial services including finance lease, operating lease focused on asset values, auto lease, real estate leases, PFI business, factoring and environmental products,










—


BMHC provides finance lease, operating lease, hire purchase and auto lease services to allow businesses to acquire machinery, manufacturing equipment, automobiles or other assets,










—


ALD provides vehicle leasing and fleet management services,










—


JVco will operate the multibrand full service operational leasing and fleet management business in Thailand acquired from BMHC. JVco will only be active in Thailand and will have no activities in the EEA.






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.10985 – BMHC / ALD / 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.