The joint venture will be established in Malaysia, where it will acquire and develop plots of land as a logistics and industrial park. Mitsui is a general trading company engaged in business areas such as machinery, electronics, iron, steel, coal, chemicals and energy.
Sime Darby is mainly engaged in property development in Malaysia. It belongs to the Sime Darby group, a multi-national group active in plantation, industrial equipment, motors, property and logistics.
The Commission found that the transaction would raise no competition concerns in the EEA as the joint venture has no actual or foreseen activities within the EEA. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission's competition website, in the public case register under the case number M.8656.
