CELEX: 32005M3807
Language: en
Date: 2005-06-13 00:00:00
Title: Commission Decision of 13/06/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.3807 - SIEMENS / HYUNDAI / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32005M3807

Commission Decision of 13/06/2005 declaring a concentration to be compatible with the common market (Case No IV/M.3807 - SIEMENS / HYUNDAI / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  


	| |Brussels, 13/6/2005SG-Greffe(2005) D/202614To the notifying partiesDear Madam(s) and/or Sir(s),Subject : Case No. COMP/M.3807 – Siemens/Hyundai/JVNotification of 03/05/2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1]Publication in the Official Journal of the European Union No. C113, dated 13/05/2005, page 21.  On 03/05/2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which Siemens VDO Automotive AG (‘SV’, Germany), belonging to the Siemens Group and Hyundai Motor Company (‘HMC’, Korea), acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of Autonet Co and Bontec Co (‘ABJV’, Korea) by way of purchase of shares.2.  The business activities of the undertakings concerned are :- SV: electronic control, navigation and entertainment systems for automobiles- HMC : automobile manufacture- ABJV : electronic control, navigation, and entertainment systems for automobiles3.  After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph c, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004[2].4.  For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004.For the Commissionsigned Neelie KROES Member of the Commission

[1] OJ L 24, 29.1.2004 p. 1.

[2] OJ C 56, 05.3.2005 p.32MERGER PROCEDUREARTICLE 6(1)(b) DECISIONSIMPLIFIED PROCEDUREPUBLIC VERSION