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SUMITOMO / TTA / JV
M.9498
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
M.9498 - SUMITOMO CORPORATION / PT TUAH TURANGGA AGUNG
SECTION 1.2
Description of the concentration
On 5 August 2019, the European Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 involving the establishment of a joint venture by Sumitomo Corporation (Sumitomo) and PT Tuah Turangga Agung (TTA).
The business activities of the undertakings concerned are:
for Sumitomo: integrated trading and investment activities, in particular trading of metal products, transportation and construction of systems, environment and infrastructure, chemicals and electronics, media, networks and lifestyle related goods, mineral resources, energy and life sciences, in Japan and around the world;
for TTA: mining and trading of coal, in Asia;
for the joint venture company: trading of thermal coal, predominantly in Asia.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.