CELEX: 32019M9498
Language: en
Date: 2019-08-29 00:00:00
Title: Commission Decision of 29/08/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9498 - Sumitomo Corporation / PT Tuah Turangga Agung) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 29.08.2019
                                                                C(2019) 6382 final
                                                                            PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9498 - Sumitomo/TTA/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 5 August 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Sumitomo
        Corporation ("SC", Japan) and PT Tuah Turangga Agung ("TTA", Indonesia),
        ultimately controlled by Jardine Matheson Holdings Limited (China) acquire within
        the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control
        of the joint venture company ("JV", Singapore).3
2.      The business activities of the undertakings concerned are:
             for SC: integrated trading and investment activities, in particular trading of metal
              products, transportation and construction of systems, environment and
              infrastructure, chemicals and electronics, media, networks and lifestyle related
              goods, mineral resources, energy and life sciences, in Japan and around the world,
             for TTA: mining and trading of coal, in Asia,
             for the JV: trading of thermal coal, predominantly in Asia.
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
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 269 12.8.2019, p. 6.
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---    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)
                                                  Johannes LAITENBERGER
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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