CELEX: 32002M2942
Language: en
Date: 2002-09-09 00:00:00
Title: Commission Decision of 09/09/2002 declaring a concentration to be compatible with the common market (Case No COMP/M.2942 - TOYOTA / TOYOTA ESPANA) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)

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32002M2942

Commission Decision of 09/09/2002 declaring a concentration to be compatible with the common market (Case No IV/M.2942 - TOYOTA / TOYOTA ESPANA) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)  

Official Journal 220 , 17/09/2002 P. 0004 - 0004

Commission Decision of 09/09/2002 declaring a concentration to be compatible with the common market (Case No IV/M.2942 - TOYOTA / TOYOTA ESPANA) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic)To the Notifying PartiesDear Madam(s) and/or Sir(s),Subject: Case No. COMP/M.2942 - TOYOTA/TOYOTA ESPAÑA  Notification of TOYOTA/TOYOTA ESPAÑA pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1][1]   OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17.  Publication in the Official Journal of the European Communities No. C 196, 17/08/2002, page 10.1. On 8 August 2002, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 [2] by which the undertaking Toyota Motor Corporation ("TMC"; Japan) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Toyota España S.L. ("TES"; Spain) by way of purchase of shares.[2]  OJ L 395, 30.12.1989 p. 1; corrigendum OJ L 257 of 21.9.1990, p. 13; Regulation as last amended by Regulation (EC) No 1310/97 (OJ L 180, 9. 7. 1997, p. 1, corrigendum OJ L 40, 13.2.1998, p. 17).2. The business activities of the undertakings concerned are: - for TMC: mainly engaged in manufacture, sale, leasing and repair of motor vehicles, ships and other transport equipment. - for TES: exclusive wholesale distributor for the Toyota and Lexus motor vehicles and spare parts in Spain (except the Canary Islands).  3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, subparagraph c of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [3].[3]   OJ C 217, 29.07.2000, p. 32.4. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EEC) No. 4064/89.For the Commission(signed) Mario MONTI Member of the Commission