Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie , DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229- 91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu.  
  EUROPEAN COMMISSION  
Brussels, 23.9.2022  
C(2022)  6902 final  
PUBLIC VERSION 
Reliance Industries Limited  
3rd Floor  
Maker Chambers IV, 222 ,  
Nariman Point  
400 021 Mumbai  
India  
 
Abu Dhabi National Oil Company  
P.O. Box 898 Abu Dhabi  
United Arab Emirates  
 Abu Dhabi Developmental Holding Company PJSC  
Capital G ate, Al Khaleej Al Arabi 
Street  
Abu Dhabi  
United Arab Emirates  
Subject : Case M.10816 – ADNOC / ADQ / RIL / JV 
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No  139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 1 September 2022, the European Commission received notification of a proposed 
concentration  pursuant to Article 4 of Council Regulation (EC) No 139/2004. 
This notification concerns the following undertakings:  
− Abu Dhabi Chemical Derivatives Company RSC Ltd (“TA’ZIZ”, United Arab 
Emirates), jointly controlled by Abu Dhabi National Oil Company (“AD NOC”, 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union’  and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p.  3 (the ‘EEA Agreement ’). 

2 United Arab Emirates) and Abu Dhabi Developmental Holding Company PJSC 
(“ADQ”, United Arab Emirates),  
− Reliance Strategic Business Ventures Ltd (“RSBVL”, India), controlled by 
Reliance Industries Limited (“RIL”, India),  
− A newly created company (“JV”, United Arab Emirates).  
ADNOC, ADQ and RIL will acquire within the meaning of Article 3(1)(b) and 3(4) of 
the Merger Regulation joint control of the full -function JV .  
The concentration is accomplished by way of purchase of shares in a newly created company  constituting a joint venture .
3 
2. The business activities of the undertakings concerned are the following : 
− ADNOC is an energy and petrochemicals group principally active in the exploration, production, storage, refining and distribution of oil and gas, as we ll 
as in the development of petrochemical products , 
− ADQ is a holding company with direct and indirect investments in a number of sectors across Abu Dhabi’s economy, including food and agriculture, aviation, financial services, healthcare, industries, logis tics, media, real estate, tourism and 
hospitality, transport and utilities,  
−  RIL is active in a number of sectors, including Oil to Chemicals (O2C) (including petrochemical refining & marketing and petrochemicals), oil and gas exploration and production, retail, media, digital services and new energy . 
3. The business activities of the JV will be the following: production and sale of caustic soda, ethylene di -chloride  and polyvinyl chloride. 
4. After examination of the notification, the European Commission has c oncluded that 
the notified operation falls within the scope of the Merger  Regulation and of 
paragraph 5(a) of the  Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No  139/2004.
4 
5. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in applicat ion of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission 
  (Signed)  
Olivier GUERSENT  
Director -General  
                                                 
3  Publication in the Official Journal of the European Union No C 345, 8.9.2022, p. 6. 
4  OJ C 366, 14.12.2013, p. 5.