# C_2014250EN.01001601.xml

| 1.8.2014 | EN | Official Journal of the European Union | C 250/16 |
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1.8.2014

EN

Official Journal of the European Union

C 250/16

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Prior notification of a concentration

(Case M.7317 — Mercuria/JP Morgan Chase & Co. Commodities Trading Business)

Candidate case for simplified procedure

(Text with EEA relevance)

2014/C 250/09

| 1. | On 24 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 Mercuria Energy Group Limited (‘Mercuria’ of Cyprus) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control over the physical Commodities trading Business of JP Morgan Chase & Co. (‘JP Morgan Commodities’ of USA) by way of purchase of shares and assets. |
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1.

On 24 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 Mercuria Energy Group Limited (‘Mercuria’ of Cyprus) acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control over the physical Commodities trading Business of JP Morgan Chase & Co. (‘JP Morgan Commodities’ of USA) by way of purchase of shares and assets.

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






  — | Mercuria is active in the trading of energy products, including crude oil and refined petroleum products, natural gas (including LNG), power, coal, biodiesel, vegetable oils and carbon emissions. Mercuria also provides storage facilities for petroleum products; |
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2.

The Business activities of the undertakings concerned are:

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Mercuria is active in the trading of energy products, including crude oil and refined petroleum products, natural gas (including LNG), power, coal, biodiesel, vegetable oils and carbon emissions. Mercuria also provides storage facilities for petroleum products;

| — | JP Morgan Commodities comprises JP Morgan Chase & Co.’s activities in the physical trading of crude oil and petroleum products, natural gas, thermal coal, power, emission rights and various base metals. It also provides warehousing services with respect to exchange-traded base metals. |
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JP Morgan Commodities comprises JP Morgan Chase & Co.’s activities in the physical trading of crude oil and petroleum products, natural gas, thermal coal, power, emission rights and various base metals. It also provides warehousing services with respect to exchange-traded base metals.

| 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.7317 — Mercuria/JP Morgan Chase & Co. Commodities Trading Business, 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.7317 — Mercuria/JP Morgan Chase & Co. Commodities Trading Business, 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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