Commission Decision of 06/07/2005 declaring a concentration to be compatible with the common market (Case No IV/M.3852 - HYUNDAI MOTOR COMPANY / HYUNDAI CAR UK LTD) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) | |Brussels, 06.07.2005 SG-Greffe(2005) D/202948 To the notifying party : Dear Madam(s) and/or Sir(s), Subject : Case No. COMP/M.3852 – HYUNDAI MOTOR COMPANY / HYUNDAI CAR U.K. Ltd Notification of 03/06/2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 141 , 10 June 2005, p.
10. 1. On 03/06/2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking Hyundai Motor Company (" HMC ", South Korea) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the UK based undertakings Hyundai Car (UK) Limited ( "HCUK" ), Hyundai Car Sales Limited ( "HCS" ) and MSS Automotive Services Limited ( "MSS" ) (together "the Target" ), by way of purchase of assets. 2. The business activities of the undertakings concerned are : - for HMC : manufacturer of motor vehicles world wide; - for the Target : wholesale distribution of passenger cars and related spare parts in the UK.
3. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph c of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004[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 (EC) No.
139/2004. For the Commission, signed Neelie KROES Member of the Commission [1] OJ L 24, 29.1.2004 p. 1 [2] OJ C 56, 05.3.2005 p.32 MERGER PROCEDURE ARTICLE 6(1)(b) DECISION SIMPLIFIED PROCEDURE PUBLIC VERSION