Access to European Union law
<a href="https://eur-lex.europa.eu/content/help/eurlex-content/experimental-features.html" target="_blank">More about the experimental features corner</a>
Choose the experimental features you want to try
EUR-Lex
Access to European Union law

This document is an excerpt from the EUR-Lex website

You are here
Use quotation marks to search for an "exact phrase". Append an asterisk (*) to a search term to find variations of it (transp*, 32019R*). Use a question mark (?) instead of a single character in your search term to find variations of it (ca?e finds case, cane, care).
Search tips
Need more search options? Use the Advanced search

Document 52019M9474

Prior notification of a concentration (Case M.9474 — Faurecia/Michelin/Symbio/JV) (Text with EEA relevance) 2019/C 350/06

OJ C 350, 16.10.2019, p. 7–7 (BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

16.10.2019   

EN

Official Journal of the European Union

C 350/7

Prior notification of a concentration

(Case M.9474 — Faurecia/Michelin/Symbio/JV)

(Text with EEA relevance)

(2019/C 350/06)

1.   

On 7 October 2019, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—

Faurecia Exhaust International (France), fully owned by Faurecia SE (‘Faurecia’, France), which is solely controlled by Peugeot SA (France), the ultimate parent company of the PSA group (‘PSA’),

—

Spika (France), fully owned subsidiary of Compagnie Générale des Etablissements Michelin (France), the holding company of the Michelin group (‘Michelin’),

—

Symbio, (‘Symbio’ or the ‘JV’, France), of which Michelin (through Spika) currently holds 100 % of the share capital and voting rights.

Faurecia and Michelin acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Symbio.

The concentration is accomplished by way of purchase of shares.

2.   

The business activities of the undertakings concerned are:

—

Faurecia manufactures and supplies automotive equipment, including (i) automotive seating, (ii) interior systems, (iii) emissions control technologies and (iv) in-vehicle infotainment and connectivity services. It is solely controlled by Peugeot SA, which is active globally in the manufacturing and supply of passenger cars, light commercial vehicles and automotive components for motor vehicles,

—

Michelin is a global manufacturer and supplier of tyres for automotive and other industries,

—

Symbio assembles and supplies hydrogen fuel cell systems for the automotive sector. It is currently controlled by Michelin.

3.   

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

4.   

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.9474 — Faurecia/Michelin/Symbio/JV

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

Top