CELEX: 32020M10063
Language: en
Date: 2020-12-21 00:00:00
Title: Commission Decision of 21/12/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.10063 - MITSUBISHI UFJ LEASE & FINANCE / HITACHI CAPITAL) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 21.12.2020
                                                                C(2020) 9565 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.10063 – MITSUBISHI UFJ LEASE & FINANCE / HITACHI
                CAPITAL
                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 27 November 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Mitsubishi UFJ Lease & Finance Company, Limited (‘MUL’, Japan) and
        Hitachi Capital Corporation (‘HC’, Japan) enter into a full merger within the meaning
        of Article 3(1)(a) of the Merger Regulation. The concentration is accomplished by
        absorption of HC into MUL.3
2.      The business activities of the undertakings concerned are:
             for MUL: leasing, as well as financing services in the sectors of real estate
              healthcare, environment and energy, infrastructure and investment, and aviation
              and logistics. In the EEA, MUL is primarily active in the provision of operational
              leases of aircraft, aircraft engines, and marine shipping containers, and of
              commercial loans.
             for HC: leasing and financial services. In the EEA, HC is primarily active in the
              provision of asset-backed financial solutions to businesses (including asset
              financing, franchise financing, vendor solutions and factoring), personal loans to
              UK consumers, and automotive leasing to corporations and individuals.
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 422, 7.12.2020, p. 17.
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(c) 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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