CELEX: 32019M9223
Language: en
Date: 2019-02-04 00:00:00
Title: Commission Decision of 04/02/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9223 - Stena Rederi AB / Glovis Europe) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 04.02.2019
                                                                C(2019) 903 final
                                                                      PUBLIC VERSION
                                                                To the notifying parties:
Subject:        Case M.9223 – Stena Rederi/Hyundai Glovis/JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
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                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 9 January 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation, by which Stena Rederi AB
        (“Stena Rederi”, Sweden), controlled by Stena AB (Sweden), part of the Stena Sphere
        (“Stena”, consisting of Stena AB, Stena Sessan AB and Stena Metall AB), and Glovis
        Europe GmbH (“Glovis Europe”, Germany), controlled by Hyundai Glovis CO., LTD
        (“Hyundai Glovis”, South Korea), acquire within the meaning of Article 3(1)(b) and 3(4)
        of the Merger Regulation joint control of a newly created joint venture that will mainly
        operate short-sea transport services on Pure Car and Truck Carrier (PCTC) vessels in
        Europe, by way of purchase of shares in a newly created company constituting a joint
        venture.3
2.      The business activities of the undertakings concerned are:
             for Stena Rederi: supports the shipping activities of Stena AB by providing
              shipbuilding, crewing and technical services,
             for Glovis Europe: provides logistics services for finished vehicles and parts, and
              supports the global deep-sea activities of its parent Hyundai Glovis, an integrated
              global logistics and distribution company.
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 20, 16.01.2019, p. 9.
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--- 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 paragraphs 5(a)
   and 5(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)
                                                   Johannes LAITENBERGER
                                                   Director-General
4  OJ C 366, 14.12.2013, p. 5.
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