See Full Document Text
Official Journal EN
of the European Union L series
2024/2776 8.11.2024
COMMISSION IMPLEMENTING REGULATION (EU) 2024/2776
of 31 October 2024
correcting Implementing Regulation (EU) 2023/914 implementing Council Regulation (EC)
No 139/2004 on the control of concentrations between undertakings and repealing Commission
Regulation (EC) No 802/2004
(Text with EEA relevance)
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to the Agreement on the European Economic Area, and in particular Article 57(2), point a in conjunction
with Article 1 of Protocol 21 to that Agreement,
Having regard to Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations between
undertakings(1), and in particular Article 23(1) thereof,
Whereas:
(1) Regulation (EC) No 139/2004 is based on the principle of compulsory notification of concentrations before they are
put into effect. Notification has important legal consequences which are favourable to the parties to the proposed
concentration. However, failure to comply with the obligation to notify renders the parties liable to fines and may
also entail civil law disadvantages for them. It is therefore necessary in the interests of legal certainty to define
precisely the subject matter and content of the information to be provided in the notification.
(2) Regulation (EC) No 139/2004 allows the undertakings concerned to request, in a reasoned submission, prior to
notification, that a concentration fulfilling the requirements of that Regulation be referred to the Commission by
one or more Member States, or referred by the Commission to one or more Member States, as the case may be. It is
important to provide the Commission and the competent authorities of the Member States concerned with sufficient
information, in order to enable them to assess, within a short period of time, whether or not a referral ought to be
made. To that end, the reasoned submission requesting the referral should contain certain specific information.
(3) In order to simplify and expedite examination of notifications, of reasoned submissions, and of the information
regarding commitments, standardised forms should be used. Those forms are set out in the Annexes to Commission
Implementing Regulation (EU) 2023/914(2). The format of the Annexes to this Regulation may change and the
corresponding forms may be replaced by electronic forms containing the same information requirements.
(4) Several inaccuracies have been found in the notification forms contained in the Annexes to Implementing
Regulation (EU) 2023/914. Considering the important effects of such forms, the inaccuracies should be corrected.
(5) The Annexes to Implementing Regulation (EU) 2023/914 should therefore be amended accordingly,
HAS ADOPTED THIS REGULATION:
Article 1
The Annexes to Implementing Regulation (EU) 2023/914 are amended in accordance with the Annex to this Regulation.
(1) OJ L 24, 29.1.2004, p. 1, ELI: http://data.europa.eu/eli/reg/2004/139/oj(‘Regulation (EC) No 139/2004’ or ‘Merger Regulation’).
(2) Commission Implementing Regulation (EU) 2023/914 of 20 April 2023 implementing Council Regulation (EC) No 139/2004 on the
control of concentrations between undertakings and repealing Commission Regulation (EC) No 802/2004 (OJ L 119, 5.5.2023, p. 22,
ELI: http://data.europa.eu/eli/reg_impl/2023/914/oj) (‘Implementing Regulation (EU) 2023/914’).
ELI: http://data.europa.eu/eli/reg_impl/2024/2776/oj 1/10EN
OJ L, 8.11.2024
Article 2
This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the
European Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 31 October 2024.
For the Commission
The President
Ursula VON DER LEYEN
2/10 ELI: http://data.europa.eu/eli/reg_impl/2024/2776/ojEN
OJ L, 8.11.2024
ANNEX
The Annexes to Implementing Regulation (EU) 2023/914 are amended as follows:
(1) Annex I is amended as follows:
(a) in the introduction, paragraph 25, point (g) is replaced by the following:
‘(g) “Affected markets”: Affected markets are all relevant product and geographic markets, as well as plausible
alternative relevant product and geographic markets, where the parties’ activities overlap horizontally or are
vertically related and which do not meet the conditions for review under point 5(d) of the Notice on
Simplified Procedure(*)and do not benefit from the flexibility clauses of point 8 of the Notice on Simplified
Procedure.
_____________
(*) Footnote 12: Commission Notice on a simplified treatment of certain concentrations under Council
Regulation (EC) No 139/2004 (OJ C 160, 5.5.2023, p. 1) (the “Notice on Simplified Procedure”).’;
(b) in Section 1, point 1.2 is replaced by the following:
‘1.2. Provide a non-confidential summary (up to 500 words) of the following information: the way by which the
concentration is accomplished (for example, by way of purchase of shares, public bid, contract, etc.); the
articles of the Merger Regulation pursuant to which the transaction qualifies as a concentration; the
undertakings concerned. For each of the undertakings concerned provide: Full name, country of
incorporation, ultimately controlling entity, short description of activities and geographic areas of activity.
For newly created JVs provide intended activities and geographic areas of activity. It is intended that this
summary will be published on DG Competition’s website upon notification. The summary must be
drafted so that it contains no confidential information or business secrets.’;
(c) in point 7.1. of Section 7, the table is replaced by the following:
‘□ Under all plausible market definitions, the parties’ combined market share is 20 % or higher but remains
below 25 % on any relevant market where the parties’ activities overlap, and none of the special
circumstances described in Section II.C of the Notice on Simplified Procedure are present.
□ Under all plausible market definitions, the parties’ combined market share is 20 % or higher but remains
below 25 % on any relevant market where the parties’ activities overlap, and although one or several of
the special circumstances described in Section II.C of the Notice on Simplified Procedure are present the
case does not raise any competition concerns for the reasons explained in sub-Section 7.4.
□ None of the circumstances described in Section II.C of the Notice on Simplified Procedure are present, and
the individual and combined market shares of all the parties to the concentration that are engaged in
business activities in a market which is upstream or downstream from a market in which any other party to
the concentration is engaged (vertical relationships) meet at least one of the following conditions:
□ are 30 % or higher but remain below 35 % in the upstream and downstream markets,
□ are lower than 50 % in one market while the individual and combined market shares of all the parties
to the concentration in all the other vertically related markets are lower than 10 %.
□ Although one or several of the circumstances described in Section II.C of the Notice on Simplified
Procedure are present the case does not raise any competition concerns for the reasons explained in
Section 7.4, and the individual and combined market shares of all the parties to the concentration that are
engaged in vertical relationships meet at least one of the following conditions:
□ are 30 % or higher but remain below 35 % in the upstream and downstream markets,
□ are lower than 50 % in one market while the individual and combined market shares of all the parties
to the concentration in all the other vertically related markets are lower than 10 %.’
(d) Section 8, point 8.2. is amended as follows:
(i) the title of the first table is replaced by the following:
‘Horizontal overlaps involving marketed products and pipeline products’;
(ii) the title of the second table is replaced by the following:
‘Vertical relationships involving marketed products and pipeline products’;
ELI: http://data.europa.eu/eli/reg_impl/2024/2776/oj 3/10EN
OJ L, 8.11.2024
(e) footnote 33 is replaced by the following:
‘You should provide market shares for the parties and the competitors who offer marketed products and disclose
any pipeline products at least for the acquirer(s) and target(s). If there are less than three competitors offering
marketed products, you should identify at least three competitors developing rival pipeline products.’;
(f) footnote 35 is replaced by the following:
‘You should provide market shares for the parties and the competitors who offer marketed products and disclose
any pipeline products at least for the acquirer(s) and target(s). If there are less than three competitors offering
marketed products, you should identify at least three competitors developing rival pipeline products.’;
(g) footnote 37 is replaced by the following:
‘You should provide market shares for the parties and the competitors who offer marketed products and disclose
any pipeline products at least for the acquirer(s) and target(s). If there are less than three competitors offering
marketed products, you should identify at least three competitors developing rival pipeline products.’;
(h) in Section 13, the box is replaced by the following:
‘[Notifying Party 1] [Notifying Party 2 if applicable]
Name: Name:
Organisation: Organisation:
Position: Position:
Address: Address:
Phone number: Phone number:
Email: Email:
[“e-signed” / signature] [“e-signed” / signature]’
(2) Annex II is amended as follows:
(a) in Section 1, the table is replaced by the following:
‘Notification under simplified treatment: yes Merger Regulation
Jurisdiction: Notification basis:
□ Article 1(2) □ Article 4(1)
□ Article 1(3) □ Article 4(4)
□ Article 4(5) □ Article 4(5)
□ Article 22 □ Article 22
Concentration: Category of case in accordance with the Notice on
□ Merger [Article 3(1), point (a)](*) Simplified Procedure:
□ Acquisition of sole control [Article 3(1), point (b)] □ Point 5(a) of the Notice on Simplified Procedure
□ Acquisition of joint control [Article 3(1), point □ Point 5(b) of the Notice on Simplified Procedure
(b)](**) □ Point 5(c) of the Notice on Simplified Procedure
□ Acquisition of joint control of a greenfield joint □ Point 5(d) of the Notice on Simplified Procedure
venture [Article 3(4)](***) □ Point 5(e) of the Notice on Simplified Procedure
□ Acquisition of joint control in any other scenario □ Point 8 of the Notice on Simplified Procedure
(i.e. at least one previously controlling shareholder □ Point 9 of the Notice on Simplified Procedure
remaining) [Article 3(1), point (b) and 3(4)](****)
Notification linked to a previous case (linked operation/ Notification linked with a consultation on the same
parallel transaction/case aborted or withdrawn)? YES □ concentration? YES □ NO □
NO □ If yes, provide consultation number:
If yes, provide case number:
4/10 ELI: http://data.europa.eu/eli/reg_impl/2024/2776/ojEN
OJ L, 8.11.2024
Means of implementing the concentration: Value of the concentration in EUR:
□ Public bid announced on [DATE].
□ Purchase of shares
□ Purchase of assets
□ Purchase of securities
□ Management contract or any other contractual
means
□ Purchase of shares in a newly created undertaking
constituting a joint venture
Seat of the companies involved in the concentration:
□ Within the same Member State
□ Within the same third country
□ Within a Member State and a third country
□ In different Member States
□ In different third countries
(*) Footnote 18: A merger occurs when two or more independent undertakings amalgamate into a new undertaking and
cease to exist as separate legal entities. See points 9 and 10 of the Commission Consolidated Jurisdictional Notice
under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (OJ C 95,
16.4.2008, p. 1) (“Commission Consolidated Jurisdictional Notice”).
(**) Footnote 19: This scenario refers to acquisitions of joint control over target companies which were not previously
controlled by any of the parties acquiring joint control (i.e. acquisition of control over an undertaking from an
unrelated third party). See in particular Commission Consolidated Jurisdictional Notice, point 91.
(***) Footnote 20: This category refers to the creation of a greenfield joint venture to which the parent companies do not
transfer an existing economic activity (i.e. a subsidiary or business with a market presence) or transfer only assets
which do not constitute a business in themselves.
(****) Footnote 21: These cases include, among other things, (i) the creation of new full-function joint ventures when one or
more parent companies transfer an existing business or economic activity and (ii) the entry or replacement of
controlling shareholders of a joint venture. See in particular Commission Consolidated Jurisdictional Notice, point
92.’;
(b) in Section 2, the second table is replaced by the following:
Turnover (in million EUR)(**)
Country of
‘Undertakings concerned Role(*) Year of turnover(***)
origin
Worldwide EU-wide
Combined turnover of all undertakings concerned
□ It is not the case that each of the undertakings concerned achieves more than two-thirds of its aggregate
Union-wide turnover within one and the same Member State.
(*) Footnote 24: A = Acquirer in the case of acquisition of sole or joint control (if more than one, define A1, A2, etc.).
T = Target in the case of acquisition of sole control (if more than one, define T1, T2, etc.).
JV = Joint venture in the case of acquisition of joint control (if more than one, define JV1, JV2, etc.).
MP = Merging Party in the case of a merger (if more than one, define MP1, MP2, etc.).
(**) Footnote 25: The turnover information must be provided in euro at the average exchange rates prevailing for the years or
other periods in question.
(***)Footnote 26: If the fiscal year does not fall together with the calendar year, indicate the end of the fiscal year in full date
format (dd/mm/yyyy).’;
ELI: http://data.europa.eu/eli/reg_impl/2024/2776/oj 5/10EN
OJ L, 8.11.2024
(c) in Section 2, the third table is replaced by the following:
‘Name of relevant Member Combined turnover of all Name of relevant Turnover of the undertaking
State for the purposes of undertakings concerned in this undertakings concerned for concerned in this Member State
Article 1(3) point (b) and Member State the purposes of Article 1(3), (in EUR million)
(c) of the Merger (in million EUR) point (c) of the Merger
Regulation Regulation
□ It is not the case that each of the undertakings concerned achieves more than two-thirds of its aggregate
Union-wide turnover within one and the same Member State.’
(d) in Section 4, the first paragraph is replaced by the following:
‘Provide a non-confidential summary (up to 250 words) of the following information: the way by which the
concentration is accomplished (for example, by way of purchase of shares, public bid, contract etc.); the articles of
the Merger Regulation pursuant to which the transaction qualifies as a concentration; the undertakings concerned.
For each of the undertakings concerned provide: Full name, country of incorporation, ultimately controlling
entity, short description of activities and geographic areas of activity. For newly created JVs provide intended
activities and geographic areas of activity. It is intended that this summary will be published on DG Competition’s
website upon notification. The summary must be drafted so that it contains no confidential information or
business secrets.’;
(e) in Section 7, the table under point (a) is replaced by the following:
‘□ The joint venture is not active within the territory of the European Economic Area (EEA):
□ The joint venture has no current (i.e. at the time of notification) or expected (over the next three years
following notification) turnover within the EEA.
AND
□ The parent companies of the joint venture have not planned any asset transfers to the joint venture within
the EEA at the time of notification(*).
If the concentration fulfils the criteria in point 5(a) of the Notice on Simplified Procedure, Sections 8, 9, 10 and 11 below
do not need to be completed.
(*) Footnote 32: Any asset planned to be transferred to the joint venture at the time of notification should be considered,
regardless of the date in which these assets will actually be transferred to the joint venture.’;
6/10 ELI: http://data.europa.eu/eli/reg_impl/2024/2776/ojEN
OJ L, 8.11.2024
(f) in Section 7, the table under point (b) is replaced by the following:
‘□ The joint venture has negligible current or expected activities within the EEA:
□ The current annual turnover of the joint venture and the turnover of the contributed activities at the time
of notification as well as the annual turnover expected over the three years following notification is less
than EUR 100 million within the EEA.
AND
□ The total value of the asset transfers to the joint venture planned at the time of notification(*)is less than
EUR 100 million within the EEA.
(*) Footnote 34: Any asset planned to be transferred to the joint venture at the time of notification should be considered,
regardless of the date in which these assets will actually be transferred to the joint venture.’;
(g) in Section 7, the table under point (c) is replaced by the following:
‘□ Two or more undertakings merge, or one or more undertakings acquire sole or joint control of another
undertaking, without creating any horizontal overlaps or vertical links.
If the concentration fulfils the criteria of point 5(c) of the Notice on Simplified Procedure, Sections 8, 9, 10 and 11 below
do not need to be completed.’
(h) footnote 33 was removed;
(i) footnote 35 was removed;
(j) in Section 7, the table under point (d) is replaced by the following:
‘□ Two or more undertakings merge, or one or more undertakings acquire sole or joint control of another
undertaking and the conditions set out in points 5(d)(i) and 5(d)(ii) of the Notice on Simplified Procedure
are fulfilled under all plausible market definitions(*).
□ None of the parties to the concentration are active in the same product and geographic market.
OR
□ The combined market shares of all the parties to the concentration that are engaged in business activities in
the same product and geographic market (horizontal overlaps) meet at least one of the following
conditions:
□ are lower than 20 %;
□ are lower than 50 % and the increment (delta) of the Herfindahl-Hirschman Index (HHI) resulting from
the concentration on these markets is below 150(**).
□ None of the parties to the concentration are active in markets upstream or downstream of each other.
OR
□ The individual and combined market shares of all the parties to the concentration that are engaged in
business activities in a product market which is upstream or downstream from a product market in which
any other party to the concentration is engaged (vertical relationships) meet at least one of the following
conditions:
□ are lower than 30 % upstream and downstream;
□ are lower than 30 % in the upstream market and the purchasing share of the downstream entity of the
upstream input is lower than 30 %;
□ are lower than 50 % on both the upstream and downstream markets, the increment (delta) of the HHI
resulting from the concentration is below 150 on both the upstream and downstream markets and the
smaller undertaking in terms of market shares is the same in the upstream and downstream
markets(***).
(*) Footnote 36: The thresholds for horizontal overlaps and vertical relationships apply to any plausible alternative
product and geographic market definition that may have to be considered in a given case. It is important that the
underlying market definitions set out in the notification are precise enough to justify the assessment that these
thresholds are not met, and that all plausible alternative market definitions that may have to be considered are
mentioned (including geographic markets narrower than national).
ELI: http://data.europa.eu/eli/reg_impl/2024/2776/oj 7/10EN
OJ L, 8.11.2024
(**) Footnote 37: The HHI is calculated by summing the squares of the individual market shares of all the firms in the
market: see Commission Guidelines on the assessment of horizontal mergers under the Council Regulation on the
control of concentrations between undertakings (OJ C 31, 5.2.2004, p. 5), point 16, available at https://eur-lex.euro
pa.eu/legal-content/EN/ALL/?uri=celex%3A52004XC0205%2802%29However, in order to calculate the HHI delta
resulting from the concentration, it is sufficient to subtract from the square of the sum of the market shares of the
parties to the concentration (in other words, the square of the merged entity’s market share post-concentration) the
sum of the squares of the parties’ individual market shares (since the market shares of all other competitors in the
market remain unchanged and thus do not influence the result of the equation).
(***) Footnote 38: This category aims to capture small increments to a pre-existing vertical integration. For example,
Company A, active in an upstream and a downstream market (with a share of 45 % in each) acquires Company B
active in the same upstream and downstream markets (with a share of 0,5 % in each). This category does not capture
situations in which the bulk of the vertical integration results from the transaction, even if the combined market
shares are below 50 % and the HHI delta is below 150. For example, this category does not capture the following
situation: Company A, active upstream with a market share of 45 % and downstream with a market share of 0,5 %
acquires company B active upstream with a market share of 0,5 % and downstream with a market share of 45 %.’;
(k) in Section 7, the table under point (f) is replaced by the following:
‘□ None of the parties to the concentration are active in the same product and geographic market.
OR
□ Under all plausible market definitions, the parties’ combined market shares remain below 25 % on any
relevant market where the parties’ activities overlap and none of the special circumstances described in
Section II.C of the Notice on Simplified Procedure are present.
□ Under all plausible market definitions, the parties’ combined market shares remain below 25 % on any
relevant market where the parties’ activities overlap, and although one or several of the special
circumstances described in Section II.C of the Notice on Simplified Procedure are present, the case does not
raise any competition concerns for the reasons explained in Section 11.
□ None of the parties to the concentration are active in markets upstream or downstream of each other.
OR
□ None of the circumstances described in Section II.C on Simplified Procedure are present and the individual
and combined market shares of all the parties to the concentration that are engaged in business activities in
a market which is upstream or downstream from a market in which any other party to the concentration is
engaged (vertical relationships) meet at least one of the following conditions:
□ are lower than 35 % in the upstream and downstream markets;
□ are lower than 50 % in one market while the individual and combined market shares of all the parties
to the concentration in all the other vertically related markets are lower than 10 %.
□ One or several of the circumstances described in Section II.C of the Notice on Simplified Procedure are
present, the case does not raise any competition concerns for the reasons explained in Section 11 and the
individual and combined market shares of all the parties to the concentration that are engaged in vertical
relationships meet at least one of the following conditions:
□ are lower than 35 % in the upstream and downstream markets;
□ are lower than 50 % in one market while the individual and combined market shares of all the parties
to the concentration in all the other vertically related markets are lower than 10 %.’
(l) in Section 7, the table under point (g) is replaced by the following:
‘□ The annual current turnover of the joint venture and the turnover of the contributed activities(*) at the
time of notification is more than EUR 100 million, but less than EUR 150 million within the EEA.
AND
□ The total value of asset transfers to the joint venture planned at the time of notification is more than
EUR 100 million, but less than EUR 150 million within the EEA(**).
8/10 ELI: http://data.europa.eu/eli/reg_impl/2024/2776/ojEN
OJ L, 8.11.2024
If the joint venture is active in the EEA and the concentration gives rise to horizontal overlaps and/or vertical relationships,
you should complete respectively Section 8 and/or 9.
(*) Footnote 39: See footnote 31.
(**) Footnote 40: See footnote 32.’;
(m) in Section 8, the title of the table is replaced by the following:
‘Horizontal overlaps involving marketed products and pipeline products’;
(n) footnote 43 is replaced by the following:
‘You should provide market shares for the parties and the competitors who offer marketed products and disclose
any pipeline products at least for the acquirer(s) and target(s). If there are less than three competitors offering
marketed products, you should identify at least three competitors developing rival pipeline products.’;
(o) in Section 9, the title of the first table is replaced by the following:
‘Vertical relationships involving marketed products and pipeline products’;
(p) footnote 46 is replaced by the following:
‘You should provide market shares for the parties and the competitors who offer marketed products and disclose
any pipeline products at least for the acquirer(s) and target(s). If there are less than three competitors offering
marketed products, you should identify at least three competitors developing rival pipeline products.’;
(q) footnote 47 is replaced by the following:
‘You should provide market shares for the parties and the competitors who offer marketed products and disclose
any pipeline products at least for the acquirer(s) and target(s). If there are less than three competitors offering
marketed products, you should identify at least three competitors developing rival pipeline products.’;
(r) in Section 10, the title of the first table is replaced by the following:
‘Vertical relationships under point 5(d)(ii)(bb) of the Notice on Simplified Procedure involving marketed
products and pipeline products’;
(s) footnote 49 is replaced by the following:
‘You should provide market shares for the parties and the competitors who offer marketed products and disclose
any pipeline products at least for the acquirer(s) and target(s). If there are less than three competitors offering
marketed products, you should identify at least three competitors developing rival pipeline products.’;
(t) footnote 50 is replaced by the following:
‘You should provide market shares for the parties and the competitors who offer marketed products and disclose
any pipeline products at least for the acquirer(s) and target(s). If there are less than three competitors offering
marketed products, you should identify at least three competitors developing rival pipeline products.’;
(u) in Section 16, the table is replaced by the following:
[Notifying Party 1] [Notifying Party 2, if applicable]
Name: Name:
Organisation: Organisation:
Position: Position:
Address: Address:
Phone number: Phone number:
Email: Email:
[“e-signed” / signature] [“e-signed” / signature]
ELI: http://data.europa.eu/eli/reg_impl/2024/2776/oj 9/10EN
OJ L, 8.11.2024
(3) Annex III is amended as follows:
(a) in the introduction, paragraph 23(g) is replaced by the following:
‘(g) “Affected markets”: Affected markets are all relevant product and geographic markets, as well as plausible
alternative relevant product and geographic markets, where the parties’ activities overlap horizontally or are
vertically related and which do not meet the conditions for review under point 5(d) of the Notice on
Simplified Procedure(*)and do not benefit from the flexibility clauses of point 8 of the Notice on Simplified
Procedure.
_____________
(*) Footnote 10: Commission Notice on a simplified treatment of certain concentrations under Council
Regulation (EC) No 139/2004 (OJ C 160, 5.5.2023, p. 1) (“Notice on Simplified Procedure”).’;
(b) in Section 6, the table is replaced by the following:
[Submitting party 1] [Submitting party 2 if applicable]
Name: Name:
Organisation: Organisation:
Position: Position:
Address: Address:
Phone number: Phone number:
Email: Email:
[“e-signed” / signature] [“e-signed” / signature]’
10/10 ELI: http://data.europa.eu/eli/reg_impl/2024/2776/oj