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DUBAL HOLDING / MDCI / EGA JV
M.6975
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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.
SECTION 1.2
Description of the concentration
The transaction notified in this Form CO (the Transaction) consists of the creation of a new full-function joint venture, EGA. The notifying parties, MDCI and DUBAL HoldCo, will contribute to EGA the interests their groups will hold in DUBAL and EMAL, a 50:50 full-function joint venture between MDCI and DUBAL, along with some upstream interests.
The activities of the Parties, DUBAL and EMAL are:
(a) MDCI: a wholly-owned subsidiary of Mubadala Development Company PSJC, an investment and development company wholly owned by the Government of the Emirate of Abu Dhabi;
(b) DUBAL HoldCo: a wholly-owned subsidiary of the Investment Corporation of Dubai, an investment company wholly owned by the Government of the Emirate of Dubai;
(c) DUBAL: production and sale of aluminium; and
(d) EMAL: production and sale of aluminium.
As the entities being contributed to EGA do not have more than a 15% combined share in any relevant market (or any plausible segmentation), the case qualifies for treatment according to the simplified procedure.