30.6.2017   

EN

Official Journal of the European Union

C 206/49

1.

On 20 June 2017, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Volvo Car Corporation (‘Volvo’, Sweden) ultimately controlled by Zhejiang Geely Holding Group Co., Ltd (‘Geely Group’, China) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of First Rent A Car AB (‘FRAC’, Sweden), by way of purchase of shares.

2.

The business activities of the undertakings concerned are:

—   for Volvo: the design, development, manufacturing, marketing, wholesale and retail sale of passenger cars and parts and, through the jointly controlled Volvofinans, the provision of automotive financial services, fleet management services, credit card services and dealer financing.

—   for FRAC: short term car rental activities (including car sharing activities) in Sweden, Norway and Denmark, fleet management services in Sweden and retail distribution of passenger cars in Sweden.

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. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.8309 — Volvo Car Corporation/First Rent A Car, to the following address: