CELEX: 32020M9769
Language: en
Date: 2020-04-15 00:00:00
Title: Commission Decision of 15/04/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9769 - VW GROUP / MUNICH RE GROUP / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 15.4.2020
                                                                C(2020) 2410 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9769 – VW GROUP / MUNICH RE GROUP / JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 16 March 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which MHP
        Management- und IT-Beratung GmbH (‘MHP’, Germany), controlled by Dr. Ing. h.c.
        F. Porsche Aktiengesellschaft (‘Posche’, Germany) which is ultimately controlled by
        Volkswagen Group (‘VW’, Germany) and Münchener Rückversicherungs-
        Gesellschaft Aktiengesellschaft in München (‘Munich RE’, Germany) acquire within
        the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over a
        newly created company constituting a joint venture (‘JV’, Germany) by way of
        purchase of shares in the JV.3
2.      The business activities of the undertakings concerned are:
        −     for MHP: a management and IT consulting company. Porsche and VW are active
              worldwide in the development, manufacture, marketing and sales of, inter alia,
              passenger cars, light commercial vehicles, trucks, buses, motor bikes as well as
              ancillary financial and insurance services and mobility service solutions,
        −     for Munich RE: an international insurance company.
        The JV will provide IT consulting services, including concept development, risk
        management, and software development, in relation to the planning, establishment and
        operation of digital and flexible production solutions.
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 99, 26.3.2020, p.7.
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
   paragraph 5(a) 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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