CELEX: 32018M8992
Language: en
Date: 2018-08-14 00:00:00
Title: Commission Decision of 14/08/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.8992 - Zeaborn Chartering Management / Maritime Holdings / Zeamarine) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                     
                  
               
               Brussels, 14.08.2018
            
            
               C(2018) 5564 final
            
            
               
                  PUBLIC VERSION
               
            
            
            
               To the notifying parties:
            
            
               Subject:Case M.8992 - MARITIME HOLDINGS / ZEABORN / ZEAMARINE JV
                  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 20 July 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings Maritime Holdings (Delaware), LLC ("Maritime Holdings", United States) controlled by New Mountain Capital (United States) and Zeaborn Chartering Management GmbH ("Zeaborn", Germany) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over the whole of the undertaking Zeamarine GmbH ("Zeamarine JV", Germany) by way of purchase of shares in a newly created company constituting a joint venture.
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               2.The business activities of the undertakings concerned are:
            
            
               -for Maritime Holdings: ocean cargo shipping;
            
            
               -for Zeaborn: multipurpose cargo shipping services;
            
            
               -for Zeamarine JV: multipurpose cargo shipping (liner/semi-liner and tramp).
            
            
               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.
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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 267, 30.07.2018, p. 4.
               
               
                  
                     (4)
                  
                  
                      
                           OJ C 366, 14.12.2013, p. 5.