Ck Holdings Co. Ltd., Japan
Case brief
What is this about?
The Competition Commission of India considered a notice under Section 6(2) regarding the proposed acquisition of Magneti Marelli target entities by CK Holdings for Fiat Chrysler Automobile N.V. and Magne. The Commission found no market overlaps and approved the combination.
What did the court decide?
The proposed combination is approved under Section 31(1) of the Act as not likely to have any appreciable adverse effect on competition.
What the court decided
COMPETITION COMMISSION OF INDIA (Combination Registration No. C-2019/01/639)
Fair Competition For Greater Good
08.03.2019
Notice u/s 6 (2) of the Competition Act, 2002 given by CK Holdings Co., Ltd.
CORAM:
Mr. Ashok Kumar Gupta
Chairperson
Mr. U. C. Nahta Member
Ms. Sangeeta Verma Member
Legal Representatives of the parties: M/s Cyril Amarchand Mangaldas
Order under Section 31(1) of the Competition Act, 2002
- On 31.01.2019, the Competition Commission of India (“ Commission ”) received a notice under Section 6(2) of the Competition Act, 2002 (“ Act ”) filed by CK Holdings Co., Ltd. (“ CK Holdings ”/ “ Acquirer ”)1 pursuant to a Share Purchase Agreement dated 20.10.2018 (“ SPA ”) executed by and between the Acquirer, Fiat Chrysler Automobile N.V. (“ Fiat ”) and Magneti Marelli S.p.A. (“ MM Italy ”) .
Issues for consideration
1 issue framed by the court
Whether the proposed acquisition of automotive component business by CK Holdings is likely to have an appreciable adverse effect on competition in India.
Parties & counsel
- applicant
CK Holdings Co., Ltd.
- other
Fiat Chrysler Automobile N.V.
- other
Magneti Marelli S.p.A.
Coram
Case details
As recorded by the court registry
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