CELEX: 32014M7141
Language: en
Date: 2014-03-18 00:00:00
Title: Commission Decision of 18/03/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7141 - AGCO CORPORATION / BASIC ELEMENT/ RUSSIAN JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 18.3.2014
                                        C(2014) 1931 final

                                        [pic]

                                        [pic]

|To the notifying parties:                                          |
|                                                                   |                                                                          |

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

Subject:    Case M.7141 - AGCO CORPORATION / BASIC ELEMENT/ RUSSIAN JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 18 February 2014, the European Commission received notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which AGCO Corporation ("AGCO Corporation", USA) and Basic Element ("Basic Element", Russia) acquire  within  the  meaning  of
    Article 3(1)(b) of the Merger Regulation joint control of newly created companies constituting a joint venture (jointly referred to  as  the
    "Russian JV", Russia) by way of purchase of shares.[2]

 2. The business activities of the undertakings concerned are:

1 for AGCO Corporation: design, manufacturing, marketing and distribution of agricultural machinery worldwide,

2 for Basic Element: diversified industrial group, operating inter alia in automobile manufacturing and production of road-building equipment  in
    Russia,

3 for the Russian JV: design, development, assembly, component localisation, manufacturing and distribution  of  certain  agricultural  machinery
        and equipment in Russia.

 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.[3]

 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.

                                        For the Commission

                                        signed
                                        Alexander ITALIANER
                                        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]   Publication in the Official Journal of the European Union No C 53, 25.2.2014, p. 29.

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

-----------------------
                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE