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REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 28/02/2005

In electronic form on the EUR-Lex website under document number 32005M3698

Office for Official Publications of the European Communities L-2985 Luxembourg

COMMISSION OF THE EUROPEAN COMMUNITIES

Brussels, 28.02.2005

SG-Greffe(2005) D/200883/4

PUBLIC VERSION

MERGER PROCEDURE ARTICLE 6(1)(b) DECISION

SIMPLIFIED PROCEDURE

For the notifying parties

Dear Sirs,

Subject: Case No. COMP/M.3698- 3M/Magna/I&T/JV Notification of 28.01.2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 Publication in the Official Journal of the European Union No. C33, 08.02.2005, p.13

1.On 28.01.2005, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No. 139/2004 by which the undertakings 3M ÷sterreich Gesellschaft m.b.H (Austria) controlled by 3M Company (ì3Mî, USA) and New Magna Investments (Belgium) controlled by Magna International Inc. (ìMagnaî, Canada) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking I&T Innovation Technology Entwicklungs- und Holding Aktiengesellschaft (ìI&Tî, Austria) by way of purchase of shares.

1OJ L 24, 29.1.2004 p. 1

Commission europÈenne, B-1049 Bruxelles / Europese Commissie, B-1049 Brussel - Belgium. Telephone: (32-2) 299 11 11.

2.The business activities of the undertakings concerned are :

-- for 3M : diversified technology company;

-- for Magna : automotive supplier;

-- for I&T : design and production of general wiring and circuit boards to the automotive industry.

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, subparagraphs a and c, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No139/2004.

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

2Available on DG COMP website: http://europa.eu.int/comm/competition/mergers/legislation/consultation/simplified_tru.pdf.

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