CELEX: 32015M7712
Language: en
Date: 2015-09-25 00:00:00
Title: Commission Decision of 25/09/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7712 - KSPG / HASCO / COSMO / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 25/09/2015
                                        C(2015) 6714 final

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|To the notifying parties:                                            |                                                                      |
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Dear Sirs,

Subject:    Case M.7712 - KSPG/ HASCO/ COSMO JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 2 September 2015, the European Commission received notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which KSPG AG, (“KSPG", Germany), ultimately controlled by Rheinmetall  AG  ("Rheinmetall",  Germany),  and  HUAYU  Automotive
    Systems Co., Ltd., (“HASCO", People's Republic of China), ultimately controlled by Shanghai Automotive Industry Corporation  (Group)  (“SAIC
    Group”, People's Republic of China), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint  control  of  the  Chinese
    automotive casting activities of HASCO by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

    -      For KSPG: global first-tier supplier to the automotive industry with a special focus  on  the  product  and  component  segments  air
         supply, emission control and pumps, pistons, engine blocks and plain bearings;

    -      For Rheinmetall: active in the industry sectors for automotive components and defence equipment;

    - For SAIC Group: an automotive holding company whose controlled operations cover the entire automotive industry value chain  including  the
         development, manufacturing, sales and logistics of vehicles (passenger cars and commercial cars)  and  components  (engines,  gearboxes,
         powertrains, chassis, interior and exterior and electronic components). Additionally, SAIC  Group  offers  vehicles  related  trade  and
         finance services.

 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)
                                        Johannes LAITENBERGER
                                        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]   OJ L 1, 3.1.1994, p. 3 ("the EEA Agreement").

[3]   Publication in the Official Journal of the European Union No C 297, 9.9.2015, p. 3.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE