CELEX: 32021M10160
Language: en
Date: 2021-03-11 00:00:00
Title: Commission Decision of 11/03/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10160 - MITSUBISHI CORPORATION / NIPPON TELEGRAPH AND TELEPHONE CORPORATION / INDUSTRY ONE JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 11.3.2021
                                                                C(2021) 1747 final
                                                                                 PUBLIC VERSION
                                                                Mitsubishi Corporation
                                                                2-3-1, Marunouchi Chiyoda-ku
                                                                Tokyo 100-8086
                                                                Japan
                                                                Nippon Telegraph and Telephone
                                                                Corporation
                                                                Otemachi First Square,
                                                                East Tower, 5-1, Otemachi 1-Chome,
                                                                Chiyoda-ku
                                                                Tokyo 100-8116
                                                                Japan
Subject:        Case M.10160 – MITSUBISHI CORPORATION / NIPPON TELEGRAPH
                AND TELEPHONE CORPORATION / INDUSTRY ONE 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 16 February 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Mitsubishi
        Corporation (“MC”, Japan) and Nippon Telegraph and Telephone Corporation
        (“NTT”, Japan) intend to establish a newly created company constituting a joint
        venture Industry One, Inc. (“Industry One” or the "JV", Japan) within the meaning of
        Articles 3(1)(b) and 3(4) of the Merger Regulation by way of purchase of shares.3
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 (the ‘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 63, 23.2.2021, p. 18.
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--- 2. The business activities of the undertakings concerned are:
        for MC: global integrated trading company which develops and operates
           business across a variety of industries, including, among others, natural gas,
           industrial materials, petroleum & chemicals, and mineral resources,
        for NTT: provider of telecommunications services mainly focused on the
           following business segments: mobile communications business, regional
           communications business, long distance and international communications
           business, data communications business and other business,
        for Industry One: provider of IT consulting services and platform services in
           Japan.
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)
                                                   Olivier GUERSENT
                                                   Director-General
4  OJ C 366, 14.12.2013, p. 5.
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