CELEX: 32020M9817
Language: en
Date: 2020-04-30 00:00:00
Title: Commission Decision of 30/04/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9817 - RHÔNE CAPITAL / MAXAM) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 30.4.2020
                                                                C(2020) 2934 final
                                                                                 PUBLIC VERSION
                                                                  To the notifying party
Subject:        Case M.9817 — Rhône Capital/Maxam
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 3 April 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Rhône
        Capital L.L.C. (‘Rhône Capital’, United States) acquires within the meaning of
        Article 3(1)(b) of the Merger Regulation sole control of the whole of MaxamCorp
        Holding, S.L. (‘Maxam’, Spain) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             Rhône Capital: investment management firm,
             Maxam: diversified group of companies which are primarily active in the
              manufacture and supply of civil explosives and initiating systems and related
              products, services and solutions; ammunition and defence products, services and
              systems; and recreational hunting and sporting products, such as cartridges and
              gunpowder, among others.
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(d) of the Commission Notice on a simplified procedure for treatment of
        certain concentrations under Council Regulation (EC) No 139/2004.4
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 122, 15.4.2020, p. 5.
4       OJ C 366, 14.12.2013, p. 5.
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--- 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)
                                                  Olivier GUERSENT
                                                  Director-General
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