CELEX: 32013M7031
Language: en
Date: 2013-11-19 00:00:00
Title: Commission Decision of 19/11/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7031 - EURENCO / MAXAMCHEM / MANUCO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
|                                  |                                                                                                         |
|                                  |                                                                                                         |
|                                  |                                                                                                         |
|                                  |                                                                                                         |

                                        Brussels, 19.11.2013
                                        C(2013) 8251 final

|                                                                   |To the notifying parties:                                          |
|                                                                   |                                                                   |

Dear Madam(s) and/or Sir(s),

Subject:    Case No COMP/M.7031- EURENCO/ MAXAMCHEM/ MANUCO
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 21 October 2013, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger  Regulation
    by which by which EURENCO S.A ("EURENCO", France), belonging to SNPE Group and MAXAMCHEM S.L.  ("MAXAMCHEM", Spain), belonging to  the  MAXAM
    Group, acquire within the meaning of Article 3(1)(b) of the  Merger Regulation joint control by way of agreement in a joint  venture,  MANUCO
    SA ("MANUCO", France), performing on a lasting basis all the functions of an autonomous economic entity.

2.    The business activities of the undertakings concerned are:

      -     for EURENCO : manufacturing and sales of energetic materials for the production of warheads,  ammunition  and  pyrotechnical  devices
           for military and civil use.

      -     for MAXAMCHEM : manufacturing, purchasing and sales of chemical products. It belongs to the Maxam Group which is  principally  active
           in civil explosives, hunting and sport cartridges, as well as in defence systems.

      -     for MANUCO : manufacturing and sale of energetic nitrocellulose[2].

 2. 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].

 3. 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 312, 26.10.2013, p.25.

[3]   OJ C 56, 5.3.2005, p. 32.

-----------------------

                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE