The European Commission has approved the establishment of two joint ventures by Chinese companies Benteler Automotive (China) Investment Limited and Beijing Hainachuan Automotive Parts Co., Ltd (BHAP). This is reported in the press release of the EC.
The Commission concluded that the proposed transaction does not raise concerns about competition problems, since the joint ventures do not plan to operate in the European Economic Area.
The transaction was reviewed in accordance with the simplified procedure for investigating mergers.
Joint ventures under the Benteler JianAn Automotive brand will be engaged in the assembly and sale of chassis modules to Chinese automotive companies.
BHAP is a subsidiary of BAIC Group for the production of car seats, powertrain systems, chassis, body systems, electronics and other components for cars. The headquarters is located in Beijing, China).
Benteler Automotive (China) Investment - Chinese subsidiary Benteler Automotive for the production of automotive components. Benteler Automotive, a subsidiary Benteler International AG, opened a production site and headquarters in the Asia-Pacific region in Shanghai (China) in April 2013 and invested $38.9 million in its creation.
Benteler International AG is a German private holding company in the field of mechanical engineering, as well as in the production of automotive equipment, steel and pipes. The headquarters is located in Salzburg (Austria).
