CELEX: 32018M9105
Language: en
Date: 2018-10-26 00:00:00
Title: Commission Decision of 26/10/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.9105 - Rhône Capital / MaxamCorp Holding, S.L.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 26.10.2018
                                                                C(2018) 7269 final
                                                                            PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9105 - RHONE CAPITAL / MAXAM
                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 4 October 2018, the European Commission received notification of                        a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the                  undertaking
        Rhône Capital L.L.C. (‘Rhône Capital’, United States) acquires within the                  meaning of
        Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the                     undertaking
        MaxamCorp Holding, S.L. (‘Maxam’, Spain) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             − Rhône Capital: investment management firm.
             − Maxam: diversified group of companies which are active primarily in the
                 manufacture and supply of civil explosives and initiating systems and related
                 products, services and solutions; ammunition and defence products, services and
                 systems; and recreational hunting and sporting products, such as cartridges and
                 gunpowder, among others.
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(b) of
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 368, 11.10.2018, p. 13.
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---    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
4  OJ C 366, 14.12.2013, p. 5.
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