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M.5407
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Case No COMP/M.5407 - CSN / ITOCHU / NACIONAL MINÉRIOS
Only the English text is available and authentic.
REGULATION (EC) No 139/2004 MERGER PROCEDURE
Article 6(1)(b) NON-OPPOSITION Date: 17/12/2008
In electronic form on the EUR-Lex website under document number 32008M5407
Office for Official Publications of the European Communities L-2985 Luxembourg
COMMISSION OF THE EUROPEAN COMMUNITIES
Brussels, 17.12.2008 SG-Greffe(2008) D/ 208359 C(2008) 8761
PUBLIC VERSION
MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
SIMPLIFIED PROCEDURE
To the notifying parties:
Dear Sirs,
1.On 17 November 2008, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings Companhia Siderúrgica Nacional (‘CSN’, Brazil) and ITOCHU Corporation (‘Itochu’, Japan) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Nacional Minérios S.A. (‘Namisa’, Brazil), by way of purchase of shares.
The business activities of the undertakings concerned are:
-- for CSN: steel production, mining and infrastructure,
-- for ITOCHU: trading of various products such as textiles, machinery, information and communications-related products, metals, products related to oil and other energy sources, general merchandise, chemicals, and provisions and food,
1OJ L 24, 29.1.2004, p. 1.
Commission européenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.
-- for Namisa: mining and trading of iron ore.
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(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
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
2OJ C 56, 5.3.2005, p. 32.
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