CELEX: 32002M2952
Language: en
Date: 2002-10-30 00:00:00
Title: Commission Decision of 30/10/2002 declaring a concentration to be compatible with the common market (Case No COMP/M.2952 - SUMITOMO / TAKEDA / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32002M2952

Commission Decision of 30/10/2002 declaring a concentration to be compatible with the common market (Case No IV/M.2952 - SUMITOMO / TAKEDA / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 273 , 09/11/2002 P. 0019 - 0019

Commission Decision of 30/10/2002 declaring a concentration to be compatible with the common market (Case No IV/M.2952 - SUMITOMO / TAKEDA / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)To the notifying partiesDear Madam(s) and/or Sir(s),Subject: Case No. COMP/M.2952 - Sumitomo/Takeda/JV Notification of 27.9.2002 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No. C 240, 5/10/2002, page 6.[1]   OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17.1. On 27.9.2002, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which Sumitomo Chemical Co. Ltd. ("Sumitomo", Japan) and Takeda Chemical Industries Ltd. ("Takeda", Japan) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking NEWCO ("Newco", Japan) by way of  purchase of shares in a newly created company constituting a joint venture.2. The business activities of the undertakings concerned are : - for undertaking Sumitomo: manufacture and sale of basic chemicals, petrochemicals, speciality chemicals, pharmaceuticals and agricultural chemicals. - for undertaking Takeda: manufacture and sale of pharmaceuticals, agricultural chemicals and life environment products. -  for undertaking Newco: Takeda's existing agrochemical business. 3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, subparagraph c of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2].  [2]   OJ C 217, 29.07.2000, p. 32.4. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement.  This decision is adopted in application of Article 6(1)(b) of Council Regulation (EEC) No. 4064/89.For the CommissionMario MONTI Member of the Commission(signed)