CELEX: 32018M8697
Language: en
Date: 2018-03-15 00:00:00
Title: Commission Decision of 15/03/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.8697 - APMH INVEST / MITSUI / MAERSK PRODUCT TANKERS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                     
                  
               
               Brussels, 15.3.2018
            
            
               C(2018) 1677 final
            
            
               
                  PUBLIC VERSION
               
            
            
            
            
            
               To the notifying party :
            
            
            
               Subject:Case M.8697 — APMH Invest/Mitsui/Maersk Product Tankers
                  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
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                and Article 57 of the Agreement on the European Economic Area
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               Dear Sir or Madam,
            
            
               1.On 20 February 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which APMH Invest A/S (‘APMH Invest’, Denmark) and Mitsui & Co., Ltd (‘Mitsui’, Japan) acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control of Maersk Product Tankers A/S (‘MPT’, Denmark), currently wholly owned by APMH Invest. The concentration is accomplished by way of purchase of shares.
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               2.The business activities of the undertakings concerned are:
            
            
               -for APMH Invest: holding company with interests in banking, infrastructure and financial investments in fixed income and securities,
            
            
               -for Mitsui: global group pursuing business that ranges from product sales, worldwide logistics and financing through to the development of major infrastructure and other projects,
            
            
               -for MPT: active in the maritime tramp vessel sector for the transport of liquid bulk products, specifically refined oil products and certain chemicals.
            
            
               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 (c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
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               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
            
         
         
            
                  
                     (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 73, 27.02.2018, p. 10.
               
               
                  
                     (4)
                  
                  
                      
                           OJ C 366, 14.12.2013, p. 5.