Prior notification of a concentration (Case M.11045 – MITSUBISHI CORPORATION / MITSUBISHI HC CAPITAL / JV) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 82/04
Date: 2023-03-06
Institutions: Directorate-General for Competition, European Commission
Subjects: Japan, economic concentration, financial services, hire purchase, joint venture, lease, merger control, motor vehicle industry, vehicle, vehicle rental








C_2023082EN.01000601.xml










6.3.2023   


EN


Official Journal of the European Union


C 82/6






Prior notification of a concentration
(Case M.11045 – MITSUBISHI CORPORATION / MITSUBISHI HC CAPITAL / JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 82/04)

1.   
On 24 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:






—


Mitsubishi Corporation (‘MC’, Japan),










—


Mitsubishi HC Capital INC (‘MHC’, Japan),










—


JV (Japan).




MC and MHC will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of 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:






—


MC is a trading company that develops and operates business worldwide across a variety of industries, including automotive and mobility,










—


MHC provides, financial services, including finance lease, operating lease focused on asset values, auto lease, real estate leases, PFI business, factoring and environmental products and is active worldwide,










—


JV will operate auto leasing, buying and selling, as well as vehicle management related services in Japan. It will combine the current activities of i) Mitsubishi HC Capital Auto Lease Corporation, currently solely controlled by MHC, and ii) Mitsubishi Auto Leasing Corporation, currently jointly controlled by MC and MHC. JV 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.11045 – MITSUBISHI CORPORATION / MITSUBISHI HC CAPITAL / 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.