CELEX: 32013M6954
Language: en
Date: 2013-11-11 00:00:00
Title: Commission Decision of 11/11/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.6954 - KNB / UWI / MITSUI / MEDINI ISKANDAR MALAYSIA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                      Brussels, 11.11.2013
                                      C(2013) 7896

                                        |To the notifying parties:                                             |                                                                                     |
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Dear Madam(s) and/or Sir(s),

Subject:    Case No COMP/M.6954 - KNB/ UWI/ MITSUI/ MEDINI ISKANDAR MALAYSIA
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

1. On 9 October 2013, the European Commission received a notification of a proposed concentration pursuant to Article  4  of  Council  Regulation
   (EC) No 139/2004  by which Khazanah Nasional Berhad ("KNB", Malaysia), UWI Capital (One) Limited ("UWI", British Virgin Islands) and Mitsui  &
   Co. Ltd ("Mitsui", Japan) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Medini Iskandar Malaysia Sdn
   Bhd ("Medini Iskandar Malaysia", Malaysia) by way of purchase of shares.

2.    The business activities of the undertakings concerned are:

      -     for KNB: Government of Malaysia’s strategic investment fund, with investments in    companies in the real  estate  and  construction,
   finance, media and communications,   utilities, information technology and transportation industries.

      -     for UWI: investment company mainly engaging in the land development business.

      -     for Mitsui: major trading house engaged in various worldwide commodity and other    businesses, including real estate.

      -     for Medini Iskandar Malaysia: developing and managing the Medini city project in    Iskandar, Malaysia[2].

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 paragraphs 5(a) and 5(c) of the Commission Notice on a simplified procedure for treatment of  certain  concentrations  under
   Council Regulation (EC) No 139/2004[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

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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]   Publication in the Official Journal of the European Union No C 300, 16.10.2013, p23-24.

[3]   OJ C 6, 5.3.2005, p. 32.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE