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,  19.9.2022  
C(2022 ) 6790 final  
PUBLIC VERSION  
Naftna Industrija Srbije  a.d. Novi Sad  
Narodnog fronta 12  
21102 Novi Sad  
Serbia  
Subject : Case M.10612  - NIS / HIPP  
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 24 August 2022 , the European Commission received notification of a proposed  
concentration pursuant to Article  4 of the Merger Regulation,  and following a referral 
pursuant to Article  4(5) of the Merger  Regulation , by which Naftna Industrija Srbije 
a.d. Novi Sad (‘NIS’, Serbia) , will acquire  within the meaning of Article 3(1)(b) o f the 
Merger Regulation  sole control of the whole of  HIP-Petrohemija LLC Pancevo 
(‘HIPP’, Serbia) . The concentration is accomplished by way of  purchase of shares .3 
2. The business activities of the undertakings concerned  are the following : 
 NIS is a vertically  integrated energy company  active in  research, production and 
refining of oil and natural gas, sales and distribution of a wide range of petroleum 
products, as well as the realisation of projects in the fields of petro -chemistry and 
energetics , and is cont rolled by PJSC Gazprom (‘Gazprom’, Russia). Gazprom is 
a Russian majority state -owned mu ltinational energy corporation,  
 HIPP is a petrochemical company active in the production and distribution of 
products such as ethylene, polyethylene and synthetic rubbe r. HIPP is controlled 
by the Republic of Serbia.  
                                                 
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 ’). 
3  Publication  in the Official Jou rnal of the European Union No C 333 , 01.09.2022 , p. 16. 

 
2 3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (c) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the noti fied operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
5. The present decision is taken without prejudice to the application of restrictive 
measures applicable to certain Russian entities and the assessment thereof that may be 
made by the competent national authorities of the Member States.  
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -Gene ral 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .