Prior notification of a concentration (Case M.10998 – MAGNA INTERNATIONAL / MINTH GROUP / HUAINAN MAGNA MINTH EXTERIORS SYSTEMS JV) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 60/21
Date: 2023-02-17
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, light-duty vehicle, merger control, motor car, motor vehicle industry, sale, supplier, vehicle parts








C_2023060EN.01003701.xml










17.2.2023   


EN


Official Journal of the European Union


C 60/37






Prior notification of a concentration
(Case M.10998 – MAGNA INTERNATIONAL / MINTH GROUP / HUAINAN MAGNA MINTH EXTERIORS SYSTEMS JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 60/21)

1.   
On 10 February 2023, 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:






—


Magna International Inc. (‘Magna’, Canada),










—


Minth Group Limited (‘Minth’, People’s Republic of China),










—


Huainan Magna Minth Exteriors Systems Co., Ltd (the ‘JV’, People’s Republic of China).




Magna and Minth 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:






—


Magna is a global automotive supplier, which designs, engineers and manufactures components, assemblies, systems, subsystems and modules for OEMs of passenger cars and light commercial vehicles,










—


Minth is primarily engaged in two major business lines, namely the R&D, production and sales of car parts, and in toolings and moulds.






3.   

The business activities of the JV will be the design, development, manufacture and sale of front/rear fascia assembly and plastic liftgates and liftgate systems to customers in the People’s Republic of China.



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.
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.


5.   
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.10998 – MAGNA INTERNATIONAL / MINTH GROUP / HUAINAN MAGNA MINTH EXTERIORS SYSTEMS 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.