CELEX: 32005M3932
Language: en
Date: 2005-11-10 00:00:00
Title: Commission Decision of 10/11/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.3932 - THYSSENKRUPP / HELLENIC SHIPYARDS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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32005M3932

Commission Decision of 10/11/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.3932 - THYSSENKRUPP / HELLENIC SHIPYARDS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |COMMISSION OF THE EUROPEAN COMMUNITIES     |
            Brussels , 10.11.2005 
             SG-Greffe(2005) D/206088
             MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
              SIMPLIFIED PROCEDURE
             PUBLIC VERSION 
              To the notifying party
                 Dear Madam(s) and/or Sir(s),
             Subject: COMP/M.3932 - ThyssenKrupp/ Hellenic Shipyards
             Notification of 03/10/2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004  [1]  Publication in the Official Journal of the European Union No. C 253, dated 13.10.2005, page 3.
            1.  On 03.10.2005, the Commission received a notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of Council Regulation (EC) of Council Regulation (EC) No 139/2004 by which the undertaking ThyssenKrupp AG ("TK", Germany) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the Greek company Hellenic Shipyards S.A. ("HSY"), hitherto jointly controlled by TK and MAN Ferrostaal AG ("Ferrostaal") by way of purchase of shares.
              The business activities of the undertakings concerned are:
              - for undertaking TK: production of steel, capital goods including civil shipbuilding (passenger ships, container ships, river cruisers, motor yachts) and military shipbuilding (naval surface vessels and submarines), and maintenance and repairs of such ships.
              - for undertaking HSY: ship building and repair, and production of industrial constructions.
            2.  After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph (d) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004 [2]  .
            3.  For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004.
             For the Commission, (signed)
             Neelie KROES Member of the Commission
            [1] OJ L 24, 29.1.2004 p. 1
            [2] OJ C 56, 05.3.2005 p.32