CELEX: 32014M7440
Language: en
Date: 2014-11-25 00:00:00
Title: Commission Decision of 25/11/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7440 - EASTMAN CHEMICAL COMPANY / TAMINCO CORPORATION) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 25.11.2014
                                        C(2014) 9101

                                        [pic][pic]

|To the notifying party:                                                |                                                                       |
|                                                                       |                                                                       |

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

Subject:    Case M.7440 – EASTMAN CHEMICAL COMPANY / TAMINCO CORPORATION
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

1.    On 31.10.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation  by
    which Eastman Chemical Company (“Eastman”, United States) acquires within the meaning of Article  3(1)(b)  of  the  Merger  Regulation  sole
    control of Taminco Corporation (“Taminco”, United States), by way of purchase of shares.[2]

    2.     The business activities of the undertakings concerned are:

    - Eastman: Manufacturing, development, distribution and marketing of chemicals, plastics and fibers.

    - Taminco: Manufacturing of alkylamines and its derivatives, and formic acid and its derivatives.

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.[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
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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 394, 8.11.2014, p. 5.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE