Daimler Ag
Case brief
What is this about?
This document is a notice/schema for a domestic merger involving Daimler AG and Daimler Trucks AG. It describes an internal corporate reorganization separating the Trucks & Buses business and seeks approval under the Green Channel route of the Competition Regulations as no horizontal overlaps exist in India.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
SUMMARY OF THE PROPOSED COMBINATION
Under Regulation 13(1A) of the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 (as amended)
A. Name of the parties to the combination
- The parties to the combination are:
- (i) Daimler AG (“ DAG ”); and
- (ii) Daimler Trucks AG (“ DTAG ”/” Target ”)
- DAG and DTAG are collectively referred to as the “ Parties ”.
B. Nature and purpose of the combination
- The proposed transaction relates to an internal corporate reorganization of the Daimler AG group of companies (“ Daimler Group ”). DAG is the parent company of the Daimler Group and it is a publicly listed stock corporation, established under the laws of Germany, having its registered office at Stuttgart, Germany.
- DTAG is a direct wholly-owned subsidiary of DAG. The proposed transaction is an internal corporate reorganization, relating to separating DTAG, which operates the Daimler Group’s trucks and buses business (“ Trucks & Buses Business ”), from the Daimler Group, to establish two independent companies (“ Proposed Transaction ”). Pursuant to the Proposed Transaction, the Trucks & Business will be spun-off to become a publicly traded company, where DAG will hold a minority shareholding and the majority share capital will be publicly listed.
Case details
As recorded by the court registry
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