Prior notification of a concentration (Case M.7973 - Gerdau/Sumitomo/JV) - Candidate case for simplified procedure (Text with EEA relevance)

(2016/C 257/08)
1.
On 7 July 2016, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Gerdau SA (‘Gerdau’, Brazil) and Sumitomo Corporation (‘Sumitomo’, Japan) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created company constituting a joint venture (the ‘JV’, Brazil) by way of purchase of shares.
2.
The business activities of the undertakings concerned are:
for Gerdau: the production and commercialisation of steel products, through its mills located in 14 different countries in the Americas, Asia and Europe,
for Sumitomo: trading of metal products, transportation and construction of systems, environment and infrastructure, chemicals and electronics, media, networks and lifestyle related goods, mineral resources and energy,
for the JV: manufacture and sale of forged and cast rolling mill rolls and forged steel products such as main shaft and rings for bearings mainly for wind turbines, sugar cane production, mining, cement, electric or steam generators, oil and gas businesses.
3.
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in this Notice.
4.
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7973 — Gerdau/Sumitomo/JV, to the following address:
European Commission
Directorate-General for Competition
Merger Registry
1049 Bruxelles/Brussel
BELGIQUE/BELGIË
(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).
(2) OJ C 366, 14.12.2013, p. 5.
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