CELEX: 32011M6066
Language: en
Date: 2011-04-08 00:00:00
Title: Commission Decision of 08/04/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6066 - KIA MOTORS EUROPE / KIA MOTOR SPA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32011M6066

Commission Decision of 08/04/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6066 - KIA MOTORS EUROPE / KIA MOTOR SPA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION     |
            Brussels , 08/04/2011
             C(2011) 2615 final
             PUBLIC VERSION
             SIMPLIFIED MERGER PROCEDURE
             To the notifying party: 
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.6066 - KIA MOTORS EUROPE/ KIA MOTOR SPA  Notification of 04.03.2011 pursuant to Article 4 of Council Regulation (EC) No 139/2004  [1]  
            1.  On 04.03.2011, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Kia Motors Europe GmbH ("KME", Germany), indirectly controlled by Hyundai Motor Company ("HMC", Korea), acquires within the meaning of Article 3(1)(b) of the Merger Regulation the wholesale distribution business of Kia vehicles and related spare parts in Italy ("the Business", Italy), currently controlled by Kia Motors Italia S.p.A. ("KMI", Italy), by way of purchase of shares. [2]   
            2.  The business activities of the undertakings concerned are:
              - for KME: distributor of Kia vehicles and spare parts in Europe; 
              - for HMC: global manufacturer of motor vehicles;
              - for the Business: import and distribution of Kia vehicles and spare parts in Italy.
            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
            [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 79 ; 12.03.2011, p.10
            [3] OJ C 56, 5.3.2005, p. 32.