CELEX: 32017M8656
Language: en
Date: 2017-11-16 00:00:00
Title: Commission Decision of 16/11/2017 declaring a concentration to be compatible with the common market (Case No COMP/M.8656 - MITSUI / SIME DARBY / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 16.11.2017
                                                                C(2017) 7786 final
                                                                   PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.8656 - MITSUI / SIME DARBY / JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 20 October 2017, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Mitsui & Co., Ltd
        (Japan) and Sime Darby Property (Sungai Kapar) Sdn Bhd (Malaysia) acquire within the
        meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over a newly
        created joint venture by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             − for Mitsui: a Japanese general trading company engaged in business areas such as
                 machinery, electronics, iron and steel, coal and non-ferrous metals, chemicals as
                 well as energy.
             − for Sime Darby: a Malaysia-based company mainly engaged in property
                 development.
             − for JV: it will acquire and develop plots of land as a logistics/industrial park in
                 Malaysia.
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
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 370, 31.10.2017, p. 4.
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---    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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