Brussels, 15/09/2008 (Agence Europe) - The European Commission gave the go-ahead on Monday 15 September to four planned mergers following examination under the simplified procedure. The following were authorised:
The planned merger by which Teck Cominco Limited (Canada) intends to acquire control of the entirety of Fording Canadian Coal Trust (Canada) by way of purchase of assets which consist principally of a royalty in respect of Fording's interest in the Elk Valley Coal Partnership ('EVCP'). The business activities of the undertakings concerned are: - Teck: mining, smelting and refining of zinc, production of other metals and by-products through its mining activities; - Fording: mutual trust fund established in connection with the creation EVCP; - EVCP: production of coking coal from its mines in Canada.
The planned merger by which Indaver NV (Belgium) and NEIF Infrastructure Investments Holding I B.V. (Netherlands), controlled by JC Flowers ('JCF', USA), intends to acquire the entirety of the undertakings SAV Betiligungs GmbH and SAV Verwaltungs GmbH (together 'SAV', Germany) by way of a purchase of shares. The business activities concerned are: - Indaver: integrated services and total waste management solutions in Europe; - NEIF: an investment fund, a subsidiary of NIBC (a merchant bank offering corporate financial services); - SAV: hazardous waste management, mainly in Germany; - JCF: consultancy and private equity fund.
The planned merger by which GMR Infrastructure Ltd (Malta), which is part of the Indian group GMR and OTPPB Power, controlled by Ontario Teachers' Pension Plan Board (OTPPB, Canada), intends to acquire control of InterGen (Netherlands). GMR is active in several sectors such as airports, energy, highways and urban infrastructure. OTPPB is responsible for investments of pension fund assets and InterGen is active in the development and operation of electricity generation facilities.
The planned merger by which the undertakings Mitsui & Co Europe (UK) and Bamesa Celik Service Sanayi ve Ticaret (Turkey), jointly controlled by Bamesa Aceros SL (Spain) and the ArcelorMittal group (Luxembourg) intends to acquire joint control of the entirety of the newly created joint venture, Bami Celik Service Sanayi ve Ticaret AS (Turkey), by way of a purchase of shares. The business activities of the undertakings concerned are as follows: - Mitsui: worldwide trade in a number of commodities, including steel products; - ArcelorMittal: a worldwide integrated steel group whose activities include the manufacture of steel inputs and the processing and distribution of steel; - Bamesa Aceros: a network of service centres active in the iron and steel sector; - Bamesa Celik: processing and distribution of steel; - Bami: steel processing in Turkey. (O.L./transl.fl)