CELEX: 32016M7898
Language: en
Date: 2016-02-26 00:00:00
Title: Commission Decision of 26/02/2016 declaring a concentration to be compatible with the common market (Case No COMP/M.7898 - ARAUCO / SONAE INDUSTRIA / TAFISA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 26.02.2016
                                        C(2016) 1351 final

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|                                                                       |To the notifying parties:                                              |

Dear Sirs,

Subject:    Case M.7898 – ARAUCO / SONAE INDUSTRIA / TAFISA
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 2 February 2016, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation
    by which the undertakings Celulosa Arauco y Constitución S.A. ("Arauco", Chile) and Sonae Indústria SGPS SA  ("Sonae  Indústria",  Portugal)
    acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Tableros de Fibras S.A. ("Tafisa", Spain) by way  of
    purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

      – For Arauco: production and management of forest resources including wood pulp, sawn timber  and  wood-based  boards,  and  production  of
        energy;

      – For Sonae Indústria: manufacture and sale of wood-based boards, other wood-based products, and chemicals;

      – For Tafisa: production of wood-based boards, including particleboards,  MDF/HDF  and  OSB,  and  other  wood-based  products.  Tafisa  is
        currently solely controlled by Sonae Indústria.

 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 6 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
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[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 49, 09.2.2016, p. 7.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE