CELEX: 32014M7209
Language: en
Date: 2014-07-03 00:00:00
Title: Commission Decision of 03/07/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7209 - FAURECIA / MAGNETI MARELLI / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
|                                  |                                                                                                         |
|                                  |                                                                                                         |
|                                  |                                                                                                         |
|                                  |                                                                                                         |

                                        Brussels, 3.7.2014
                                        C(2014) 4679 final

                                        |                                                                        |                                                                   |
|To the notifying parties:                                               |                                                                   |
|                                                                        |                                                                   |
|                                                                        |                                                                   |

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

Subject:    Case M.7209 – FAURECIA / MAGNETI MARELLI / JV
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 10 June 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation  by
    which the Faurecia S.A. ("Faurecia" of France) ultimately controlled by Peugeot SA, the parent company  of  the  PSA  Peugeot  Citroen  group
    (“PSA” of France) and Magneti Marelli S.p.A. ("Magneti Marelli" of Italy) controlled by FIAT S.p.A., the parent company  of  the  FIAT  group
    (“FIAT" of Italy) acquire within the meaning of Article 3(1)(b) of the  Merger Regulation joint control of a JV in France by way of  purchase
    of shares in a newly created company constituting a joint venture.

 2. The business activities of the undertakings concerned are:

      -     for Faurecia: the manufacturing and supply of automotive  equipment,  including  automotive  seating,  interior  systems,  automotive
           exteriors and emissions control technologies.

      -     for PSA: the offering of products and services in the automotive sector.

      -     for Magneti Marelli: the manufacturing and supply of high-technology components and systems  for  the  automotive  sector,  including
           automotive lighting products, powertrain products, electronic systems, suspension  systems  and  shock  absorbers,  exhaust  systems,
           plastic components and modules, aftermarket parts and services and motorsport products.

      -     for FIAT: the offering of products and services in the automotive sector.[2]

 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[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 185, 17.06.2014, p.45
[3]   OJ C 366, 14.12.2013, p. 5.

-----------------------

                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE