CELEX: 32015M7302
Language: en
Date: 2015-03-19 00:00:00
Title: Commission Decision of 19/03/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7302 - STYROLUTION / BRASKEM / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 19.3.2015
                                        C(2015) 1988 final

                                        [pic]

To the notifying parties:

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

Subject:    Case M.7302 -  STYROLUTION / BRASKEM / JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

 1. On 23 February 2015, the European Commission received notification of  a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which Styrolution Group GmbH ("Styrolution", Germany) and Braskem S.A. ("Braskem",  Brazil)  acquire  within  the  meaning  of
    Article 3(1)(b) of the Merger Regulation joint control of a newly created company constituting a joint venture ("JV") by way of purchase  of
    shares.[3]

 2. The business activities of the undertakings concerned are:

  – for Styrolution: manufacturing and selling a range of thermoplastic resins based on styrene for use in different applications;

  – for Braskem: manufacturing and selling of thermoplastic resins (such as polyethylene, polypropylene and polyvinyl  chloride  )  as  well  as
    basic raw chemical materials;

  – for the JV: selling in Brazil and other South American countries certain thermoplastic resins produced by the JV  in  Brazil.  The  JV  will
    also be active on an agency basis selling in South America other thermoplastic resins that are produced by Styrolution.

 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(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)
                                        Alexander ITALIANER
                                        Director-General

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[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 072, 28.02.2015, p. 25.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE