# C_2015197EN.01000301.xml

| 13.6.2015 | EN | Official Journal of the European Union | C 197/3 |
| --- | --- | --- | --- |

13.6.2015

EN

Official Journal of the European Union

C 197/3

---

Prior notification of a concentration

(Case M.7665 — Castleton/Morgan Stanley Global Oil Merchanting Unit)

Candidate case for simplified procedure

(Text with EEA relevance)

(2015/C 197/03)

| 1. | On 5 June 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Castleton Commodities International LLC (‘Castleton’, USA) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of parts of Morgan Stanley (USA), namely the Morgan Stanley Global Oil Merchanting Unit by way of purchase of shares. |
| --- | --- |

1.

On 5 June 2015, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Castleton Commodities International LLC (‘Castleton’, USA) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control of parts of Morgan Stanley (USA), namely the Morgan Stanley Global Oil Merchanting Unit by way of purchase of shares.

1

| 2. | The business activities of the undertakings concerned are:






  — | Castleton is a global commodities trader active principally in physical and financial energy commodities trading. It trades natural gas, natural gas liquids, crude oil, petroleum, electricity, coal and financial instruments related to energy commodities. |
| --- | --- | --- |

2.

The business activities of the undertakings concerned are:

—

Castleton is a global commodities trader active principally in physical and financial energy commodities trading. It trades natural gas, natural gas liquids, crude oil, petroleum, electricity, coal and financial instruments related to energy commodities.

| — | The Global Oil Merchanting unit of Morgan Stanley is active in the global trading of crude oil and petroleum products. |
| --- | --- |

—

The Global Oil Merchanting unit of Morgan Stanley is active in the global trading of crude oil and petroleum products.

| 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 this Notice. |
| --- | --- |

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 this Notice.

2

| 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.7665 — Castleton/Morgan Stanley Global Oil Merchanting Unit, to the following address:





  European Commission |
| --- | --- |
| 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.7665 — Castleton/Morgan Stanley Global Oil Merchanting Unit, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

---

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

1

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

2

---