Commission Decision of 18/12/2002 declaring a concentration to be compatible with the common market (Case No IV/M.3017 - DAIMLER CHRYSLER / HYUNDAI MOTOR COMPANY / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Official Journal 327 , 28/12/2002 P. 0012 - 0012 Brussels, 18/12/2002 SG (2002) D/233370 To the Notifying Parties Dear Madam(s) and/or Sir(s), Subject: Case No. COMP/M.3017 – DaimlerChrysler/Hyundai/JV Notification of 21/11/2002 pursuant to Article 4 of Council Regulation (EEC) No. 4064/89 [1] Publication in the Official Journal of the European Communities No.
C297, 29/11/2002, page 26 1. On 21.11.2002, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EEC) No 4064/89 by which the undertakings DaimlerChrysler AG (Germany – “DaimlerChrysler”) and Hyundai Motor Company (Korea-“Hyundai”) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of a newly created company constituting a joint venture by way of purchase of shares. 2. The business activities of the undertakings concerned are : - for DaimlerChrysler : automotive sector - for Hyundai : automotive sector - for the JV: production and distribution of commercial vehicles and commercial vehicles components mainly for the Asian market.
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 a, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EEC) No 4064/89 [2]. 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 (signed) Mario MONTI Member of the Commission [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. [2] OJ C 217, 29.07.2000, p. 32. --------------------------------------------------