CELEX: 32014M7285
Language: en
Date: 2014-08-01 00:00:00
Title: Commission Decision of 01/08/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7285 - CERBERUS / VISTEON INTERIORS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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                                        Brussels, 1.8.2014
                                        C(2014) 5669 final

|To the notifying party:                                            |                                                                   |

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

Subject:    Case M.7285 - CERBERUS/ VISTEON INTERIORS
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

1.    On 7 July 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of  the  Merger  Regulation
      by which the Cerberus Group ("Cerberus", USA), via its wholly controlled company Promontoria Holding 103 B.V. ("PH 103"),  acquires  within
      the meaning of Article 3(1)(b) of the Merger Regulation sole control of the automotive interior products business  of  Visteon  Corporation
      ("Visteon Interiors", USA) by way of purchase of assets and stocks.

2.    The business activities of the undertakings concerned are:

      -     For Cerberus: investment in real property and personal property including capital stock, depository receipts,  investment  companies,
           mutual funds, subscriptions, warrants, bonds, notes, debentures, options and other  securities  of  different  kinds  and  nature  in
           diverse industries world-wide;

      -     For Visteon Interiors: manufacture and supply of interiors components and modules for  vehicles,  in  particular  instrument  panels,
           cockpit modules, door panels and trims, and floor consoles[2].

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(b) 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 224 on 15.07.2014, p.33.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE