CELEX: 32021M10203
Language: en
Date: 2021-06-11 00:00:00
Title: Commission Decision of 11/06/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10203 - PSA / FELBERMAYR / PSA BREAKBULK / COIL TERMINAL) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 11.06.2021
                                                                C(2021) 4314 final
                                                                                 PUBLIC VERSION
                                                                PSA Antwerp NV
                                                                Napelsstraat 79
                                                                2000 – Antwerp
                                                                Belgium
                                                                Felbermayr Holding GmbH
                                                                Machstraße 7
                                                                4600 – Wels
                                                                Austria
Subject:        Case M.10203 – PSA / FELBERMAYR / PSA BREAKBULK / COIL
                TERMINAL
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 10 May 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which PSA
        International Pte Ltd (‘PSA’, Singapore), through PSA Antwerp NV, and Felbermayr
        Holding GmbH (‘Felbermayr’, Austria) acquire within the meaning of Articles 3(1)(b)
        and 3(4) of the Merger Regulation joint control of PSA Breakbulk NV (‘PSA
        Breakbulk’, Belgium), currently controlled solely by PSA, which will subsequently be
        merged with Coil Terminal NV (‘Coil Terminal’, Belgium), currently controlled
        jointly by Felbermayr, through Haeger & Schmidt Logistics Belgium NV (‘H&S
        Belgium’, Belgium), and PSA. The concentration is accomplished by way of purchase
        of shares.3
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 190, 18.5.2021, p. 4.
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--- 2. The business activities of the undertakings concerned are:
   −    for PSA: global operator of shipping terminals mainly active in the provision of
        stevedoring services at ports, with a particular focus on terminal services for
        container liner ships. PSA is also active in the logistics sector within and outside
        the EEA. It is ultimately owned by Temasek Holdings (Singapore), the sovereign
        wealth fund of the Republic of Singapore,
   −    for Felbermayr: diversified holding company active in Transport and Lifting
        Technology, Building and Construction, and Maritime Logistics Services mainly
        within and, to a limited extent, outside the EEA. Felbermayr’s subsidiary H&S
        Belgium offers a comprehensive logistics portfolio within the EEA,
   −    for PSA Breakbulk: general cargo handler in the port of Antwerp, Belgium, with
        a focus on steel products,
   −    for Coil Terminal: general cargo handler in the port of Antwerp, Belgium,
        specialised in the handling of steel products.
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.
                                                2