CELEX: 32019M9295
Language: en
Date: 2019-04-17 00:00:00
Title: Commission Decision of 17/04/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9295 - Daimler AG / Geely Technology Group Co., Ltd.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 17.4.2019
                                                                C(2019) 3166 final
                                                                     PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9295 - DAIMLER / GEELY / RIDE-HAILING JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
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                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 25 March 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Daimler AG
        (‘Daimler’, Germany) and Geely Technology Group Co., Ltd (‘Geely’, China) acquire
        within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over
        a newly created joint venture (‘JV’) by way of purchase of shares. 3
2.      The business activities of the undertakings concerned are:
         - for Daimler: a publicly listed company that is globally active in the development,
              manufacturing and distribution of automotive products, mainly passenger cars (under
              the Mercedes-Benz and ‘smart’ brands), trucks, vans and buses.
         -    for Geely: an automobile manufacturer engaged in the production and sales of
              passenger vehicles worldwide (including the brands Geely Auto, Lynk & Co, Proton,
              Lotus Volvo Cars and Polestar).
         -    for JV: JV will be active in the field of ride-hailing services, starting in the premium
              segment with a small fleet of luxury cars by Mercedes-Benz serving commercial
              customers, public entities and private customers in China exclusively.
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 123, 02.04.2019, p. 25.
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--- 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)
                                                    Johannes LAITENBERGER
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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