Commission Decision of 13/07/2006 declaring a concentration to be compatible with the common market (Case No IV/M.4243 - INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP / LEAR CORPORATION) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 13.07.2006 SG-Greffe(2006) D/203992 To the notifying party Dear Madam(s) and/or Sir(s), Subject: Case No. COMP/M.4243 – International Automotive Components /Lear Corporation (European Interior Business) Notification of 14/06/2006 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Communities No.
C 147, 23.06.2006, page 8. 1. On 14/06/2006, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which International Automotive Components Group LLC, (“IAC”, USA, controlled by WL Ross & Co), acquires within the meaning of Article 3(1)(b) of the Council Regulation control of Lear Corporation’s European Interior System Division (“LEI”, part of the Lear Group, USA ), by way of purchase of assets. The business activities of the undertakings concerned are: - IAC: automotive interior components and systems; - LEI: automotive interior components and systems.
2. 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]. 3. 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 Philip LOWE Director General [1] OJ L 24, 29.1.2004 p. 1. [2] OJ C 56, 05.3.2005 p.32 --------------------------------------------------