CELEX: 32015M7496
Language: en
Date: 2015-03-17 00:00:00
Title: Commission Decision of 17/03/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7496 - PANASONIC / FICOSA INVERSION / FICOSA INTERNATIONAL) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 17/03/2015
                                        C(2015) 1945 final

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|To the notifying parties:                                                                                                                   |  |
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Dear Madam(s) and/or Sir(s),

Subject:    Case M.7496 - PANASONIC/ FICOSA INVERSION/ FICOSA INTERNATIONAL
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 10 February 2015, the European Commission received notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which Panasonic Corporation ("Panasonic", Japan) and Ficosa Inversion S.L. ("FI", Spain) acquire within the meaning of Article
    3(1)(b) of the Merger Regulation joint control over Ficosa International S.A. ("Ficosa", Spain) by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

    - For Panasonic: active worldwide in the development and engineering of electronic technologies and solutions for customers in  residential,
          non-residential, mobility and personal applications;

    - For FI: is a holding company holding the shares in Ficosa; FI is solely controlled by the Pujol family, who has also  activities  in  real
          estate business;

    -      Ficosa: active through its subsidiaries in investigation, development, manufacture and commercialisation of  systems  and  components
          for different types of vehicles.

 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(c) of 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)
                                        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]   OJ L 1, 3.1.1994, p.3 ("the EEA Agreement").

[3]   Publication in the Official Journal of the European Union No C 057, 17.02.2015, p. 7.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE