CELEX: 32013M7038
Language: en
Date: 2013-11-28 00:00:00
Title: Commission Decision of 28/11/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7038 - NIPPON EXPRESS / PANASONIC CORPORATION / PANASONIC LOGISTICS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 28.11.2013
                                        C(2013) 8648

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|To the notifying parties:                                          |                                                                   |

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

Subject:    Case No COMP/M.7038 - NIPPON EXPRESS/ PANASONIC CORPORATION/ PANASONIC LOGISTICS
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 30.10.2013, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation  by
    which the Japanese undertakings Nippon Express Co., Ltd. ("Nippon Express")  and  Panasonic  Corporation  ("Panasonic")  acquire  within  the
    meaning of Article 3(1)(b) of the  Merger Regulation joint control of Panasonic Logistics Co., Ltd. ("Panasonic Logistics", Japan) by way  of
    purchase of shares.

    The business activities of the undertakings concerned are:

      -     Nippon Express is a global logistics supplier, including domestic and international  relocation  and  transportation  of  specialised
           goods and fine art by rail, sea and air;

      -     Panasonic is primarily active worldwide in the development, manufacture and sale of a wide range of  audio-visual  and  communication
           products, home appliances, electronic components, industrial and other products;

      -     Panasonic Logistics (to be renamed 'Nittsu Panasonic Logistics') provides air and sea freight  forwarding,  land  freight  transport,
           warehousing and storage services.[2]

 2. 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 the Commission Notice on a simplified procedure for treatment of  certain  concentrations  under  Council
    Regulation (EC) No 139/2004[3].

 3. 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 321, 7.11.2013, p.8

[3]   OJ C 56, 5.3.2005, p. 32.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE