9.7.2018

Official Journal of the European Union

C 239/1

Non-opposition to a notified concentration

(Case M.8928 — Francisco Partners/Verifone Systems)

(Text with EEA relevance)

(2018/C 239/01)

On 22 June 2018, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

—	in the merger section of the Competition website of the Commission (http://ec.europa.eu/competition/mergers/cases/). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes,

—	in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32018M8928. EUR-Lex is the online access to European law.

(1) OJ L 24, 29.1.2004, p. 1.

9.7.2018

Official Journal of the European Union

C 239/2

Euro exchange rates (1)

6 July 2018

(2018/C 239/02)

1 euro =

	Currency	Exchange rate
USD	US dollar	1,1724
JPY	Japanese yen	129,65
DKK	Danish krone	7,4528
GBP	Pound sterling	0,88595
SEK	Swedish krona	10,2910
CHF	Swiss franc	1,1634
ISK	Iceland króna	125,20
NOK	Norwegian krone	9,4425
BGN	Bulgarian lev	1,9558
CZK	Czech koruna	25,942
HUF	Hungarian forint	324,35
PLN	Polish zloty	4,3675
RON	Romanian leu	4,6608
TRY	Turkish lira	5,4038
AUD	Australian dollar	1,5809
CAD	Canadian dollar	1,5397
HKD	Hong Kong dollar	9,2013
NZD	New Zealand dollar	1,7186
SGD	Singapore dollar	1,5948
KRW	South Korean won	1 310,92
ZAR	South African rand	15,9388
CNY	Chinese yuan renminbi	7,7937
HRK	Croatian kuna	7,4065
IDR	Indonesian rupiah	16 847,39
MYR	Malaysian ringgit	4,7424
PHP	Philippine peso	62,519
RUB	Russian rouble	74,0505
THB	Thai baht	38,900
BRL	Brazilian real	4,6279
MXN	Mexican peso	22,4660
INR	Indian rupee	80,7460

(1) Source: reference exchange rate published by the ECB.

9.7.2018

Official Journal of the European Union

C 239/3

Notice concerning the classification of pitch, coal tar, high temperature as Aquatic Acute 1 and Aquatic Chronic 1 according to Regulation (EC) No 1272/2008 of the European Parliament and of the Council

(2018/C 239/03)

Further to an application lodged by Bilbaína de Alquitranes SA and others, the General Court of the European Union, by its judgment of 7 October 2015 in Case T-689/13 partially annulled Commission Regulation (EU) No 944/2013 (1) in so far as it classifies pitch, coal tar, high temperature (EC No 266-028-2) as Aquatic Acute 1 and Aquatic Chronic 1. The Commission appealed the General Court’s judgment at the Court of Justice of the European Union, which dismissed the appeal by its judgment of 22 November 2017 in Case C-691/15P. As a consequence, the partial annulment by the General Court is upheld and the substance pitch, coal tar, high temperature (EC No 266-028-2) is not any more classified as Aquatic Acute 1 and Aquatic Chronic 1. The classification of that substance as Carcinogenic 1A, Mutagenic 1B and Toxic for reproduction 1B remains unchanged.

(1) Commission Regulation (EU) No 944/2013 of 2 October 2013 amending, for the purposes of its adaptation to technical and scientific progress, Regulation (EC) No 1272/2008 of the European Parliament and of the Council on classification, labelling and packaging of substances and mixtures.

9.7.2018

Official Journal of the European Union

C 239/4

Prior notification of a concentration

(Case M.8905 — AXA Group/Roland)

Candidate case for simplified procedure

(Text with EEA relevance)

(2018/C 239/04)

On 29 June 2018, 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:

—	AXA Konzern AG (Germany), belonging to the AXA Group (‘AXA’)

—	Roland Rechtsschutzversicherungs AG (‘Roland’, Germany)

AXA acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Roland.

The concentration is accomplished by way of purchase of shares.

The business activities of the undertakings concerned are:

— AXA: active in insurance and asset management worldwide,

— Roland: mainly active in the provision of legal protection insurances, accident and breakdown insurances and assistance service in Germany.

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.

Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

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.8905 — AXA Group/Roland

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’).

(2) OJ C 366, 14.12.2013, p. 5.

9.7.2018

Official Journal of the European Union

C 239/6

Prior notification of a concentration

(Case M.9001 — Kuehne + Nagel/Temasek/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

(2018/C 239/05)

On 29 June 2018, 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:

—	Kuehne + Nagel Management AG (Switzerland) (‘K+N’),

—	Temasek Holdings (Private) Limited (Singapore) (‘Temasek’),

—	a newly created Joint Venture (Singapore) (the ‘JV’).

K+N and Temasek acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the JV.

The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.

The business activities of the undertakings concerned are:

— for K+N: a globally active logistics company with main activities in sea freight, airfreight and overland forwarding as well as contract logistics,

— for Temasek: an investment company with a broad range portfolio investments including financial services, telecommunications and media, real estate, life sciences, energy, and transportation,

— for the JV: a newly established company which will identify and invest in young logistics technology companies that focus on developing and commercialising the application of technology to logistics and supply chain services and products.

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.

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.9001 — Kuehne + Nagel/Temasek/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’).

(2) OJ C 366, 14.12.2013, p. 5.

9.7.2018

Official Journal of the European Union

C 239/7

Prior notification of a concentration

(Case M.8938 — LG Electronics/ZKW Holding/Mommert Gewerbeimmobilien)

Candidate case for simplified procedure

(Text with EEA relevance)

(2018/C 239/06)

On 13 June 2018, 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:

—	LG Electronics, Inc. (‘LGE’) (South Korea),

—	ZKW Holding GmbH (‘ZKW Holding’) (Austria) and Mommert Gewerbeimmobilien Verwaltungs GmbH (‘MGIV’) (Austria) (altogether ‘ZKW’).

LGE acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of ZKW.

The concentration is accomplished by way of purchase of shares.

The business activities of the undertakings concerned:

—	LGE is a producer and supplier of electronics, mobile communications devices and home appliances on a global level. LGE is a recent entrant in the market for automotive lighting systems, with limited sales in Asia and a focus on rear lighting.

—

ZKW is an Austrian manufacturer of automotive lighting systems with exports worldwide. ZKW develops and produces lighting systems for the full range of automotive vehicles. ZKW mainly produces front lighting systems for Original Equipment Manufacturers in the European Union. MGIV is a mere intermediate holding company, which is not directly engaged in any economic activity. After closing, MGIV will indirectly hold ZKW Holding’s real estate assets in Wieselburg.

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.

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.8938 — LG Electronics/ZKW Holding/Mommert Gewerbeimmobilien

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’).

(2) OJ C 366, 14.12.2013, p. 5.

		ISSN 1977-091X
Official Journal of the European Union		C 239

English edition	Information and Notices	Volume 61 9 July 2018

Contents		page
	II Information
	INFORMATION FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES
	European Commission
2018/C 239/01	Non-opposition to a notified concentration (Case M.8928 — Francisco Partners/Verifone Systems) ( 1)	1

	V Announcements
	PROCEDURES RELATING TO THE IMPLEMENTATION OF COMPETITION POLICY
	European Commission
2018/C 239/04	Prior notification of a concentration (Case M.8905 — AXA Group/Roland) — Candidate case for simplified procedure ( 1)	4
2018/C 239/05	Prior notification of a concentration (Case M.9001 — Kuehne + Nagel/Temasek/JV) — Candidate case for simplified procedure ( 1)	6
2018/C 239/06	Prior notification of a concentration (Case M.8938 — LG Electronics/ZKW Holding/Mommert Gewerbeimmobilien) — Candidate case for simplified procedure ( 1)	7

	IV Notices
	NOTICES FROM EUROPEAN UNION INSTITUTIONS, BODIES, OFFICES AND AGENCIES
	European Commission
2018/C 239/02	Euro exchange rates	2
2018/C 239/03	Notice concerning the classification of pitch, coal tar, high temperature as Aquatic Acute 1 and Aquatic Chronic 1 according to Regulation (EC) No 1272/2008 of the European Parliament and of the Council	3