CELEX: 32018M9159
Language: en
Date: 2018-12-10 00:00:00
Title: Commission Decision of 10/12/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.9159 - CVC Capital Partners SICAV-FIS S.A. / MitsubishiF inancial Group, Inc. / Ngern Tid Lor Company Limited) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 10.12.2018
                                                                C(2018) 8751 final
                                                                        PUBLIC VERSION
                                                                To the notifying parties:
Subject:        Case M.9159 - CVC / MUFG / NGERN TID LOR
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 16 November 2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which CVC Capital
        Partners SICAV-FIS S.A. ("CVC", Luxembourg) and Mitsubishi UFJ Financial Group,
        Inc. ("MUFG", Japan) acquire, within the meaning of Article 3(1)(b) of the Merger
        Regulation, joint control over Ngern Tid Lor Company Limited (“Ngern Tid Lor”,
        Thailand) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             CVC provides advice to and manages investment funds and platforms. CVC holds
              interests in a number of companies in various industries, including chemicals,
              healthcare, insurance underwriting, retailing and distribution, primarily in Europe, the
              US and the Asia-Pacific region;
             MUFG provides globally a comprehensive range of financial solutions, including
              banking, trust banking, securities, credit cards, and leasing;
             Ngern Tid Lor Company Limited mainly provides title loans – i.e. cash loans granted
              to borrowers in Thailand in exchange for the ownership rights to a vehicle.
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 5(a) of
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       OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement').
3       Publication in the Official Journal of the European Union No C 425, 26.11.2018, p. 18.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak---    the Commission Notice on a simplified procedure for treatment of certain concentrations
   under Council Regulation (EC) No 139/2004.4
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 and Article 57 of the EEA Agreement.
                                                   For the Commission
                                                   (Signed)
                                                   Johannes LAITENBERGER
                                                   Director-General
4  OJ C 366, 14.12.2013, p. 5.
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