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SCHOLZ / TTC / GMPL / JV
M.5073
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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.
COMP/M. 5073- SHOLZ / TTC / TTESA / JV
SECTION 1.2
Description of the concentration
On 20 February 2008, the Commission received a notification of a proposed concentration according to Art. 4 Council Regulation (EC) No. 139/2004 by which the undertakings Toyota Tsusho Corporation ("Toyota Tsusho"), and Scholz AG ("Scholz") intend to acquire within the meaning of Art. 3 (1) (b) of the Council Regulation joint control of the undertaking Green Metals Poland ("GMPL"), Poland, by way of purchase of shares in a newly created company constituting a joint venture for the purposes of the EC Merger Regulation.
The business activities of the undertakings concerned are:
-- For Toyota Tsusho: Logistics services for the automotive industry, and trading of metals, machinery, chemicals and other products.
---- For Scholz: Collection and trading of ferrous and non-ferrous scrap, sorting and processing of such materials, trade of special steel products, and manufacturing and processing of forgings of any kind for heavy transportation vehicles.