Commission Decision of 26/11/2002 declaring a concentration to be compatible with the common market (Case No IV/M.3002 - HITACHI / MITSUBISHI / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 300 , 04/12/2002 P. 0016 - 0016 Commission Decision of 26/11/2002 declaring a concentration to be compatible with the common market (Case No IV/M.3002 - HITACHI / MITSUBISHI / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) To the notifying parties Dear Madam, dear Sirs, Subject: Case No. COMP/M.3002- Hitachi/Mitsubishi/JV Notification of 23.10.02 pursuant to Article 4 of Council Regulation (EEC) No.
4064/89 [1] Publication in the Official Journal of the European Communities No. C264 dated 30.10.2002, p. 12. [1] OJ L 395, 30.12.1989 p. 1; corrected version OJ L 257 of 21.9.1990, p. 13, as last amended by Regulation (EC) No 1310/97, OJ L 180, 9.7.1997, p. 1, corrigendum in OJ L 40, 13.2.1998, p. 17. 1. On 23 October 2002, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 by which the Japanese companies Hitachi Ltd ("Hitachi") and Mitsubishi Electric Corporation ("Mitsubishi") acquire within the meaning of Article 3(1)(b) of the Council Regulation control of a joint venture for the production of semiconductors ("JV").
2. The business activities of the undertakings concerned are: - Hitachi Ltd.: electronic, power and industrial equipment; - Mitsubishi Electric Corporation : electrical and other products; - JV: semiconductors. 3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EEC) No. 4064/89 and of paragraph 4, subparagraph c of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2]. [2] OJ C 217, 29.07.2000, p. 32. 4. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement.
This decision is adopted in application of Article 6(1)(b) of Council Regulation (EEC) No. 4064/89. For the Commission Mario MONTI Member of the Commission (Signed)