CELEX: 32014M7357
Language: en
Date: 2014-09-16 00:00:00
Title: Commission Decision of 16/09/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7357 - METAL ONE / MITSUI & CO. STEEL / METAL ONE MITSUI BUSSAN RESOURCE & STRUCTURAL STEEL CORPORATION) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 16.9.2014
                                        C(2014) 6730 final

|PUBLIC VERSION                                   |
|                                                 |
|SIMPLIFIED MERGER PROCEDURE                      |

To the notifying parties:

Dear Sirs,

Subject:    Case M.7357 - METAL ONE / MITSUI & CO. STEEL / METAL ONE MITSUI BUSSAN RESOURCE & STRUCTURAL STEEL CORPORATION
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 18 August 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger  Regulation
    by which Metal One, a company controlled by the Mitsubishi Corporation ('MC Group'), and Mitsui & Co.  Steel  Ltd.  ('MBS'),  a  wholly-oned
    subsidiary of Mitsui & Co. Ltd.  ('Mitsui Group'), create and acquire within the meaning of Article 3(4)  of  the  Merger  Regulation  joint
    control over the joint venture Metal One Mitsui Bussan Resource & Structural Steel Corporation ('MOMBR & SSC'). MOMBR & SSC  will  integrate
    five wholly-owned subsidiaries of Metal One and two of MBS.[2]

 2. The business activities of the undertakings concerned are:

     – for MC Group: various industrial and related activities, including Metal One that is active in steel trading;

     – for Mitsui Group: various product sales, logistics, financing as well as infrastructure and other project development, including MBS  that
       is active in trading of steel and iron, handling raw materials for the manufacture of steel and a range of steel products; and

     – for MOMBR & SSC: distribution of steel for construction use and the trade of steel waste and scrap in Japan.

 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.[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 283, 26.8.2014, p. 2.

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