CELEX: 32019M9304
Language: en
Date: 2019-05-10 00:00:00
Title: Commission Decision of 10/05/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9304 - Tenaris S.A. / PAO Severstal) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 10.5.2019
                                                                C(2019) 3700 final
                                                                                      PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9304 — Tenaris/Severstal/JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 10 April 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Tenaris S.A.
        (Luxembourg) and PAO Severstal (Russian Federation) acquire within the meaning of
        Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Joint Venture Company
        (Singapore) by way of purchase of shares in a newly created company constituting a joint
        venture.3
2.      The business activities of the undertakings concerned are:
             for undertaking Tenaris S.A: manufacture and supply of seamless and welded tubular
              products and related services for the oil and gas industry,
             for undertaking PAO Severstal: mining and the manufacture and supply of steel
              products,
             for undertaking Joint Venture Company: building and operating a plant in the Russian
              Federation for the manufacture and supply of certain types of tubular products for the
              oil and gas industry in the Russian Federation and in the Commonwealth of
              Independent States.
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 142, 23.4.2019, 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--- 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. This
   decision is without prejudice to the EU restrictive measures imposed in response to the
   crisis in Ukraine, and in particular the provisions applicable to goods in Annex II to
   Council Regulation (EU) No 833/2014.
                                                    For the Commission
                                                    (Signed)
                                                    Johannes LAITENBERGER
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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