CELEX: 32021M10171
Language: en
Date: 2021-06-23 00:00:00
Title: Commission Decision of 23/06/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10171 - INEOS / DAIMLER / MERCEDES-BENZ GRAND PRIX) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 23.6.2021
                                                                C(2021) 4779 final
                                                                                 PUBLIC VERSION
                                                                INEOS Limited
                                                                c/o IQEQ, Victoria Road
                                                                IM2 4DF Douglas
                                                                Isle of Man
                                                                Daimler AG
                                                                70546 Stuttgart
                                                                Germany
Subject:        Case M.10171 – INEOS / DAIMLER / MERCEDES-BENZ GRAND PRIX
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 27 May 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which INEOS
        Limited (“INEOS”, Isle of Man) and Daimler AG (“Daimler”, Germany) intend to
        acquire, within the meaning of Article 3(1)(b) and Article 3(4) of the Merger
        Regulation, joint control of the whole of Mercedes-Benz Grand Prix Limited
        (“MBGP”, United Kingdom), currently controlled by Daimler and Motorsports Invest
        Limited (“MIL”, Guernsey). The concentration is accomplished by way of purchase of
        shares.3 After the transaction MBGP will be jointly controlled by Daimler, INEOS and
        MIL.
2.      The business activities of the undertakings concerned are:
          − for INEOS: global manufacturer of petrochemicals, speciality chemicals and oil
               products,
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 (the ‘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 210, 3.6.2021, 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---      − for Daimler: manufacture and supply of cars, trucks, vans and buses as well as
         financial services comprising financing, leasing, insurance and fleet
         management,
     − for MBGP: design, development, manufacture, supply, testing and racing of
         Formula One motor racing cars at FIA Formula One World Championships
         level.
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) and (b) 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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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