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Document 32018M8866
Commission Decision of 04/07/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.8866 - MEC / MITSUI / SDPSK / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)
Id-Deċiżjoni tal-Kummissjoni ta' 04/07/2018 li tiddikjara konċentrazzjoni hija kompatibbli mas-suq komuni (il-Każ Nru COMP/M.8866 - MEC / MITSUI / SDPSK / JV) skond ir-Regolament tal-Kunsill (KE) Nru 139/2004 (It-test bl-Ingliż biss huwa awtentiku)
Id-Deċiżjoni tal-Kummissjoni ta' 04/07/2018 li tiddikjara konċentrazzjoni hija kompatibbli mas-suq komuni (il-Każ Nru COMP/M.8866 - MEC / MITSUI / SDPSK / JV) skond ir-Regolament tal-Kunsill (KE) Nru 139/2004 (It-test bl-Ingliż biss huwa awtentiku)
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EUROPEAN COMMISSION |
Brussels, 4.7.2018
C(2018) 4392 final
PUBLIC VERSION
To the notifying parties:
Subject:Case M.8866 - MEC / MITSUI / SDPSK / JV
Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
1
and Article 57 of the Agreement on the European Economic Area
2
Dear Sir or Madam,
1.On 11 June 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings Mitsubishi Estate Co. Ltd. ("MEC", Japan), Mitsui & Co., Ltd. ("Mitsui", Japan) and Sime Darby Property (Sungai Kapar) Sdn Bhd ("SDPSK", Malaysia) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Sime Darby MIT Development Sdn Bhd (the "JV", Malaysia) by way of purchase of shares. 3
2.The business activities of the undertakings concerned are:
-For MEC: real-estate development, also engaged in property management.
-For Mitsui: trading house engaged in a number of world-wide commodity and other businesses.
-For SDPSK: property development in Malaysia. SDPSK belongs to the
SD-Property Group, a multi-national group engaged in property related businesses.
-For the JV: acquisition and development of parcels of land measuring approximately 38 acres in Selangor, Malaysia. The JV will develop property as a built-to-suit logistics / industrial park.
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. 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)
Johannes LAITENBERGER
Director-General
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(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) OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement').
- (3) Publication in the Official Journal of the European Union No C 214, 19.06.2018, p. 9.
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(4)
OJ C 366, 14.12.2013, p. 5.