CELEX: 32021M10090
Language: en
Date: 2021-04-07 00:00:00
Title: Commission Decision of 07/04/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10090 - ABU DHABI DEVELOPMENTAL HOLDING COMPANY / LOUIS DREYFUS COMMODITIES AND ENERGY HOLDINGS / LOUIS DREYFUS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 7.4.2021
                                                                 C(2021) 2530 final
                                                                                 PUBLIC VERSION
                                                                 Abu Dhabi Developmental Holding
                                                                 Company PJSC
                                                                 Capital Gate Building, 10th floor
                                                                 Khaleej Al Arabi
                                                                 Abu Dhabi
                                                                 United Arab Emirates
                                                                 Louis Dreyfus Commodities and
                                                                 Energy Holdings N.V.
                                                                 Zuidplein 208
                                                                 1077 XV Amsterdam
                                                                 Netherlands
Subject:        Case M.10090 – ABU DHABI DEVELOPMENTAL HOLDING
                COMPANY / LOUIS DREYFUS COMMODITIES AND ENERGY
                HOLDINGS / LOUIS DREYFUS
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 1 March 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Abu Dhabi
        Developmental Holding Company PJSC (‘ADQ’, United Arab Emirates) and Louis
        Dreyfus Commodities and Energy Holdings N.V. (‘LDCEH’, Netherlands) acquire
        within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control
        of Louis Dreyfus Company B.V. (‘LDC’, Netherlands), currently solely controlled by
        LDCEH. The concentration is accomplished by way of purchase of shares.3
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 (the ‘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 80, 9.3.2021, 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--- 2. The business activities of the undertakings concerned are:
       for ADQ: holding company with investments in a number of sectors, including
        food and agriculture, financial services, industries, logistics, and transport,
       for LDCEH: financial holding company,
       for LDC: holding company of the Louis Dreyfus Company group of companies,
        operating as a merchant and processor of agricultural goods, with activities
        spanning the entire value chain (origination, production, processing, refining,
        storing, transporting, researching, merchandising, customising, distributing).
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(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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