CELEX: 32021M10279
Language: en
Date: 2021-06-18 00:00:00
Title: Commission Decision of 18/06/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10279 - TFS / MITSUI / MAF COLOMBIA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 18.6.2021
                                                                C(2021) 4613 final
                                                                                 PUBLIC VERSION
                                                                Toyota Financial Services Corporation
                                                                Nagoya Lucent Tower
                                                                6-1 Ushijima-cho, Nishi-ku
                                                                Nagoya-shi
                                                                Aichi 451-6015
                                                                Japan
                                                                Mitsui & Co., Ltd.
                                                                2-1, Otemachi 1chome, Chiyoda-ku
                                                                Tokyo 100-8631
                                                                Japan
Subject:        Case M.10279 – TFS / MITSUI / MAF COLOMBIA
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 25 May 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Toyota Financial Services Corporation (‘TFS’, Japan), a wholly owned
        subsidiary of Toyota Motor Corporation (‘TMC’, Japan) and Mitsui & Co., Ltd.
        (‘Mitsui’, Japan) acquire within the meaning of Article 3(1)(b) and Article 3(4) of the
        Merger Regulation joint control of the undertaking MAF Colombia SAS (‘MAF
        Colombia’, Colombia), currently controlled by Mitsui. The concentration is
        accomplished by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     TFS offers financial services, including auto sales financing, credit cards and
              insurance services as well as vehicle sales financing and leasing services for
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 209, 2.06.2021, p. 26.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak---         individuals and businesses globally. TMC is engaged in the manufacture, sale,
        leading and repair of motor vehicles, ships, aircraft and other transportation
        equipment, as well as the sale of material-handling equipment worldwide,
   −    Mitsui offers general trading activities. It conducts its business activities globally
        in areas ranging from product sales, worldwide logistics and financing,
   −    MAF Colombia provides auto loan services to consumers in Colombia.
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)
                                                     Olivier GUERSENT
                                                     Director-General
4  OJ C 366, 14.12.2013, p. 5.
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