# C_2014219EN.01001101.xml

| 11.7.2014 | EN | Official Journal of the European Union | C 219/11 |
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11.7.2014

EN

Official Journal of the European Union

C 219/11

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Prior notification of a concentration

(Case M.7303 — PTTGC/Vencorex)

Candidate case for simplified procedure

(Text with EEA relevance)

2014/C 219/13

| 1. | On 2 July 2014, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking PTTGC International B.V. (‘PTTGC’, Netherlands) ultimately controlled by PTT Public Company Limited (‘PTT Group’, Thailand) acquires within the meaning of Article 3(1)(b) of the Merger Regulation, sole control of the whole of the undertaking Vencorex Holding S.A.S. (‘Vencorex’, France) by way of purchase of shares. Vencorex is currently jointly controlled by PTTGC and Perstorp Holding A.B (‘Perstorp’, Sweden). |
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1.

On 2 July 2014, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking PTTGC International B.V. (‘PTTGC’, Netherlands) ultimately controlled by PTT Public Company Limited (‘PTT Group’, Thailand) acquires within the meaning of Article 3(1)(b) of the Merger Regulation, sole control of the whole of the undertaking Vencorex Holding S.A.S. (‘Vencorex’, France) by way of purchase of shares. Vencorex is currently jointly controlled by PTTGC and Perstorp Holding A.B (‘Perstorp’, Sweden).

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| 2. | The business activities of the undertakings concerned are:
  —   for PTT Group: active globally in the field of energy, natural gas, distribution of refined fuels, LPG and lubricating products, procurement, importation, exportation and international trading of crude oil, condensate, petroleum and petrochemical products as well as other specialty substances, production of downstream petrochemical products, refining, marketing and logistics of polymers,
  —   for Vencorex: active globally in the manufacture of various chemical products among which toluene diisocyanate (TDI) and raffinates used primarily in the manufacturing of polyurethanes foams and coatings; Aliphatic diisocyanates (HDI and IPDI) used in performance coating applications; Chlor-alkali (chlorine and caustic soda). |
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2.

The business activities of the undertakings concerned are:

—   for PTT Group: active globally in the field of energy, natural gas, distribution of refined fuels, LPG and lubricating products, procurement, importation, exportation and international trading of crude oil, condensate, petroleum and petrochemical products as well as other specialty substances, production of downstream petrochemical products, refining, marketing and logistics of polymers,

for PTT Group

—   for Vencorex: active globally in the manufacture of various chemical products among which toluene diisocyanate (TDI) and raffinates used primarily in the manufacturing of polyurethanes foams and coatings; Aliphatic diisocyanates (HDI and IPDI) used in performance coating applications; Chlor-alkali (chlorine and caustic soda).

for Vencorex

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice. |
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3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

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| 4. | The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
  Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7303 — PTTGC/Vencorex, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7303 — PTTGC/Vencorex, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

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(2)  OJ C 366, 14.12.2013, p. 5.

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