CELEX: 32020M9868
Language: en
Date: 2020-07-10 00:00:00
Title: Commission Decision of 10/07/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9868 - RAYTHEON TECHNOLOGIES CORPORATION / SAUDI ARABIAN OIL COMPANY / MIDDLE EAST CYBER SERVICES JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 10.07.2020
                                                                C(2020) 4870 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9868 – Raytheon Technologies Corporation/Saudi Arabian Oil
                Company/Middle East Cyber Services JV
                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 12 June 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Raytheon
        Saudi Arabia (“Raytheon Saudi”, Saudi Arabia), a wholly owned indirect subsidiary
        of Raytheon Technologies Corporation (“Raytheon”, USA), and The Saudi Aramco
        Development Company (“SADCO”, Saudi Arabia), a wholly owned subsidiary of The
        Saudi Arabian Oil Company (“Saudi Aramco”, Saudi Arabia), acquire joint control
        within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation over the
        whole of the Middle East Cyber Services Company Limited, a full-function joint
        venture to be established in the Kingdom of Saudi Arabia (Saudi Arabia) by way of
        purchase of shares in a newly created company constituting a joint venture.3
2.      The business activities of the undertakings concerned are:
             for Raytheon: a company active in aerospace and defence providing advanced
              systems and services for commercial, military and government customers
              worldwide.
             for Saudi Aramco: a joint stock company primarily engaged in the exploration,
              production and marketing of crude oil and, to a lesser extent, in the production
              and marketing of refined products and petrochemicals.
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 205, 19.6.2020, p. 23.
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---        for the JV: marketing, selling and provision of defensive cybersecurity products
        and services within the Kingdom of Saudi Arabia and in the Middle East / North
        Africa region.
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) and 5(b) 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.
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