CELEX: 32017M8450
Language: en
Date: 2017-05-24 00:00:00
Title: Commission Decision of 24/05/2017 declaring a concentration to be compatible with the common market (Case No COMP/M.8450 - SHANGHAI SHENDA / IAC ST&A BUSINESS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                     
                  
               
               Brussels, 24.5.2017
            
            
               C(2017) 3716 final
               
            
               
                  PUBLIC VERSION
               
            
            
            
               
                  To the notifying party:
            
            
               Subject:Case M.8450 - SHANGHAI SHENDA / IAC ST&A BUSINESS
                  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
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                and Article 57 of the Agreement on the European Economic Area
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               Dear Sir or Madam,
            
            
               1.On 28 April 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Shanghai Shenda Co.,Ltd, controlled by Shangtex Holding Co. Ltd. ("Shangtex" of China) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control over the whole of the undertaking comprising the soft trim and acoustics ("ST&A") business of International Automotive Components Group S.A. (Luxembourg) by way of purchase of shares.
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               2.The business activities of the undertakings concerned are:
            
            
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                     for Shangtex: active in the trade of textiles and the manufacturing of industrial textiles, such as ST&A products for automotive applications; 
            
            
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                     for the Target: comprises the manufacturing and supply of a range of ST&A products. In the EEA it includes 11 manufacturing facilities and engineering and testing facility.
            
            
               
            
            
               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.
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               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
               
         
         
            
                  
                     (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 143, 6.5.2017, p. 7.
               
               
                  
                     (4)
                  
                  
                      
                           OJ C 366, 14.12.2013, p. 5.