CELEX: 32015M7497
Language: en
Date: 2015-02-23 00:00:00
Title: Commission Decision of 23/02/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7497 - DAIMLER / KAMAZ / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 23.2.2015
                                        C(2015) 1353 final

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                                       To the notifying parties:

Subject:    Case M.7497 – DAIMLER / KAMAZ / JV
         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]

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

 1. On 29.01.2015, the European Commission received notification of a proposed concentration pursuant to Article  4  and  following  a  referral
    pursuant to Article 4(5) of the Merger Regulation by which Daimler AG ("Daimler", Germany) and  Kamaz  OJSC  ("Kamaz",  Russian  Federation)
    acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control over a newly created JV ("JV", Russian  Federation)  by
    way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

            - For Daimler: globally active in the development, manufacture and distribution  of  automotive  products,  mainly  passenger  cars,
           trucks, vans and buses but also automotive electronics, rail systems, diesel engines, aerospace and defense systems;

            - For Kamaz: the largest truck manufacturer of the Russian Federation. Its product portfolio comprises trucks,  trailers,  tractors,
           chassis, engines, power units, multifunctional armored vehicles, as well as tools and spare parts for cars;

            - JV: active in the production and sale of light-duty and heavy-duty trucks and related services in Russia and Belarus.

 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.[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 039, 05.2.2015, p. 5.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE