CELEX: 32014M7227
Language: en
Date: 2014-05-02 00:00:00
Title: Commission Decision of 02/05/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7227 - TEMASEK / OLAM INTERNATIONAL) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 2.5.2014
                                        C(2014) 3013 final

|PUBLIC VERSION                                   |
|                                                 |
|SIMPLIFIED MERGER PROCEDURE                      |

                                        |To the notifying party:                                            |                                                                   |

Dear Madam(s) and/or Sir(s),

Subject:    Case M.7227 – TEMASEK / OLAM INTERNATIONAL
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 3 April 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by
    which the undertaking Temasek Holdings (Private) Limited ("Temasek",  Singapore),  through  an  indirect  wholly-owned  subsidiary  Breedens
    Investments Pte. Ltd, acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of  the  undertaking
    Olam International Limited ("Olam", Singapore) by way of public bid announced on 14 March 2014.[2]

 2. The business activities of the undertakings concerned are:

      – Temasek: investment company whose portfolio covers a broad spectrum of industries such as financial services;  telecommunications,  media
        and technology; transportation and industrials; consumer and real estate; energy and resources; and life sciences.

      – Olam: global integrated supply chain manager and processor of agricultural products and food ingredients.

 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(b) of the Commission Notice on a simplified procedure for treatment  of  certain  concentrations  under
    Council Regulation (EC) No 139/2004.[3]

 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 Commission

                                        (signed)
                                        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]   Publication in the Official Journal of the European Union No C 111, 12.4.2014, p. 15.

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