CELEX: 32010M5955
Language: en
Date: 2010-09-15 00:00:00
Title: Commission Decision of 15/09/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.5955 - METINVEST BV / IISW) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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32010M5955

Commission Decision of 15/09/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.5955 - METINVEST BV / IISW) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

         (.PICT.) |EUROPEAN COMMISSION     |
            Brussels , 15.09.2010
             SG-Greffe(2010) D/13897
             C(2010) 6382
             PUBLIC VERSION
             MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
             SIMPLIFIED PROCEDURE
             To the notifying party: 
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.5955 - METINVEST BV/ IISW Notification of 11.08.2010 pursuant to Article 4 of Council Regulation (EC) No 139/2004  [1]  Publication in the Official Journal of the European Union No C 224, 19/08/2010, p.7
            1.  On 11/08/2010 the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which Metinvest BV ("Metinvest", the Netherlands), controlled by SCM holding ("SCM", Ukraine) and Energees Investment Limited ("Energees", Cyprus/Ukraine) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of CJSC Ilyich Steel and OSC Ilyich Iron and Steel Works (both referred to as "IISW", Ukraine), by way of purchase of shares. 
             2. The business activities of the undertakings concerned are:
             - for Metinvest: active at all stages of the steel production and trading chain; 
             - for SCM: a privately owned conglomerate, active inter alia in mining, metallurgy, energy, real estate and finance;
             - for Energees: a privately owned conglomerate whose main activities focus on mining and metallurgy;
             - for IISW:  active in the production and sale of semi-finished and flat steel products.
            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 [2]  .  
            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.
             For the European Commission, (signed by Nadia Calvino, Deputy Director General, p.p.) Alexander ITALIANER 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 C 56, 5.3.2005, p. 32.