CELEX: 32016M8281
Language: en
Date: 2016-12-02 00:00:00
Title: Commission Decision of 02/12/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.8281 - MITSUBISHI CORPORATION / MITSUBISHI MOTORS CORPORATION / KTB-TRADING) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                     
                  
               
               Brussels, 2.12.2016
            
            
               C(2016) 8248 final
            
            
            
               To the notifying parties
            
            
            
               Subject:Case M.8281- MITSUBISHI CORPORATION / MITSUBISHI MOTORS CORPORATION / KTB-TRADING
                  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
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                and Article 57 of the Agreement on the European Economic Area
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               Dear Sir or Madam,
            
            
               1.On 9 November 2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Mitsubishi Corporation ("MC", Japan) and Mitsubishi Motors Corporation ("MMC", Japan) will acquire joint control over PT Krama Yudha Tiga Berlian Trading ("KTB-Trading", Indonesia) within the meaning of Article 3(1)(b) of the Merger Regulation, by means of purchase of shares. 
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               2.The business activities of the undertakings concerned are:
            
            
               - MC is a company which develops and operates businesses across several industries including environmental and infrastructure business, industrial finance, energy, metals, machinery, chemicals and foods.
            
            
               - MMC is a manufacturer and supplier of passenger cars and light commercial vehicles. In October 2016, MMC became part of the global alliance between Nissan and Renault.
            
            
               - KTB-Trading operates a business distributing MMC-brand vehicles in Indonesia.
            
            
               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 the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
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               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
            
            
         
         
            
                  
                     (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 424, 18.11.2016, p. 11.
               
               
                  
                     (4)
                  
                  
                      
                           OJ C 366, 14.12.2013, p. 5.