CELEX: 32014M7391
Language: en
Date: 2014-09-23 00:00:00
Title: Commission Decision of 23/09/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7391 - HUAYU AUTOMOTIVE SYSTEMS / KSPG / KS ALUTECH JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 23.9.2014
                                        C(2014) 6942 final

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|To the notifying parties:                                          |                                                                   |

Dear Madam(s) and/or Sir(s),

Subject:    Case M.7391 – HUAYU AUTOMOTIVE SYSTEMS/ KSPG/ KS ALUTECH JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 29.08.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation  by
    which HUAYU Automotive Systems Co., Ltd., (“HASCO", People's Republic of China),  controlled  by  Shanghai  Automotive  Industry  Corporation
    (Group) (“SAIC Group”, People's Republic of China), and KSPG AG, (“KSPG", Germany), ultimately controlled by Rheinmetall  AG  ("Rheinmetall",
    Germany), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the automotive casting activities  of  KSPG
    by way of purchase of shares.

 2. The business activities of the undertakings concerned are:

      -     For SAIC Group: an automotive holding company whose controlled operations cover the entire automotive industry value chain  including
           the development, manufacturing, sales and logistics of vehicles  (passenger  cars  and  commercial  cars)  and  components  (engines,
           gearboxes, powertrains, chassis, interior and exterior and electronic components). Additionally, SAIC Group  offers  vehicle  related
           trade and finance services;

      -     For Rheinmetall: active in the industry sectors for automotive components and defence equipment;

      -     For KSPG: global first-tier supplier to the automotive industry with a special focus  on  the  product  and  component  segments  air
           supply, emission control and pumps, pistons, engine blocks and plain bearings.[2]

 3. After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger
    Regulation and of paragraph 6 of the Commission Notice on a simplified procedure  for  treatment  of  certain  concentrations  under  Council
    Regulation (EC) No 139/2004[3].

 4. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and
    to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article  6(1)(b)  of
    the Merger Regulation.

                                        For the Commission
                                        (Signed)
                                        Alexander ITALIANER
                                        Director General

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[1]   OJ L 24, 29.1.2004, p. 1 ("the Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the  European  Union
      ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market" by  "internal  market".  The
      terminology of the TFEU will be used throughout this decision.
[2]   Publication in the Official Journal of the European Union No C 302, 06.09.2014, p. 5.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE