CELEX: 32015M7720
Language: en
Date: 2015-08-26 00:00:00
Title: Commission Decision of 26/08/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7720 - MAHINDRA WORLD CITY DEVELOPERS / SUMITOMO / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 26.08.2015
                                        C(2015) 6065 final

                                        [pic]

|To the notifying parties:                                              |                                                                       |

Dear Sirs,

Subject:    Case M.7720 – MAHINDRA WORLD CITY DEVELOPERS/ SUMITOMO/ JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 03 August 2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger  Regulation
    by which the undertakings Mahindra World City Developers Limited ("Mahindra World City Developers", India), belonging to the Mahindra  Group
    of companies, and Sumitomo Corporation ("Sumitomo", Japan) acquire within the meaning of Article 3(1)(b) and 3(4) of the  Merger  Regulation
    joint control of the newly created joint venture Mahindra Industrial Park Chennai Limited.[3]

 2. The business activities of the undertakings concerned are:

      – for Mahindra World City Developers: land development for industrial, commercial and residential use;

      – for Sumitomo: provision of services and products in a variety of business sectors, including trading of  metal  products,  transportation
        and construction systems, environment and infrastructure, chemicals and electronics, media, networks and lifestyle related goods, mineral
        resources, energy and development, marketing, sales and management of industrial parks.

 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)
                                        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]   OJ L 1, 3.1.1994, p. 3 (the "EEA Agreement").

[3]   Publication in the Official Journal of the European Union No C 263, 11.08.2015, p. 3.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE