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, 23.6.2021 
C(2021)  4779 final  
PUBLIC VERSION 
INEOS Limited  
c/o IQEQ, Victoria Road  IM2 4DF Douglas  
Isle of Man  
 Daimler AG  70546 Stuttgart  
Germany   
Subject : Case M.10171 – INEOS / DAIMLER / MERCEDES -BENZ GRAND PRIX  
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 27 May 2021, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which INEOS 
Limited (“INEOS”, Isle of Man)  and Daimler AG (“Daimler”, Germany)  intend to 
acquire, within the meaning of Article 3(1)(b)  and Artic le 3(4) of the Merger 
Regulation, joint control of the whole of Mercedes- Benz Grand Prix Limited 
(“MBGP”, United Kingdom), currently controlled by Daimler and Motorsports Invest 
Limited (“MIL”, Guernsey). The concentration is accomplished by way of purchas e of 
shares.3 After the transaction MBGP wi ll be jointly control led by Daimler , INEOS  and 
MIL.  
2. The business activities of the undertakings concerned are:  
− for INEOS:  global manufacturer of petrochemicals, speciality chemicals and oil 
products , 
 
                                                 
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 ( the ‘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 Journal of the European Union No C 210, 3.6.2021 , p. 13. 

 
2 − for Daimler : manufacture and supply of cars, trucks, vans and buses as well as 
financial services comprising financing, leasing, insurance and fleet 
management, 
 
− for MBGP : design, development, manufacture, supply, testing and racing of 
Formula One motor racing cars at  FIA Formula One World Championships 
level.  
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(a) and ( b) 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 notified 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 . 
For the Commission  
 
 (Signed)  
Olivie r GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5.