CELEX: 32014M7242
Language: en
Date: 2014-07-10 00:00:00
Title: Commission Decision of 10/07/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7242 - CARGILL / COPERSUCAR / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 10.7.2014
                                        C(2014) 5024 final

|PUBLIC VERSION                                   |
|                                                 |
|SIMPLIFIED MERGER PROCEDURE                      |

                                        |                                                                   |To the notifying parties                                                  |

Dear Madam(s) and/or Sir(s),

Subject:    Case M.7242 - CARGILL/ COPERSUCAR/ JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 13 June 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by
    which the undertakings Cargill, Incorporated ('Cargill', USA) and Copersucar S.A.  ('Copersucar',  Brazil)  intend  to  acquire  within  the
    meaning of Art. 3(1)(b) of the Merger Regulation joint control of a newly created company constituting a joint venture ('JV', Spain).[2]

 2. The business activities of the undertakings concerned are:

      – Cargill: is a privately held company active in the international production and marketing of food, and agricultural and  risk  management
        products and services,

      – Copersucar: is a privately held company, with its capital held by 24 production groups, which are active in sugar and ethanol  production
        in Brazil,

      – JV: will combine Cargill’s and Copersucar’s global sugar trading businesses, it will be active in the trading  of  financial  derivatives
        relating to sugar and physical sugar trading.

 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 188, 20.6.2014, p. 17.

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