Prior notification of a concentration (Case M.8820 — GE/Rosneft/JV) — Candidate case for simplified procedure (Text with EEA relevance. )
Date: 2018-03-15
Institutions: European Commission
Subjects: economic concentration, gas industry, industrial data processing, information technology, marketing, merger control, oil industry, petrochemicals, service, technology








C_2018097EN.01001101.xml










15.3.2018   


EN


Official Journal of the European Union


C 97/11





Prior notification of a concentration
(Case M.8820 — GE/Rosneft/JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2018/C 97/06)






1.


On 7 March 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


General Electric Company (‘GE’, United States),










—


General Electric Panafricana Holdings I B.V., Netherlands (a subsidiary of Baker Hughes, a GE company ‘BHGE’), controlled by GE,










—


Rosneft Oil Company (‘Rosneft’, Russia),










—


Sibintek LLC (‘Sibintek’, Russia), controlled by Rosneft,










—


NewCo (‘JV’, Singapore/Russia).




GE and Rosneft acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control of the JV.
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.










2.


The business activities of the undertakings concerned are:






—


GE is a global, diversified manufacturing, technology and services company. GE is made up by a number of business units, each with its own divisions. Its primary business units include: GE Renewable Energy; GE Power; BHGE; GE Healthcare; GE Aviation; GE Transportation; GE Capital; and GE Lighting,










—


BHGE is a global full-stream oil & gas manufacturing, technology, services and digital solutions company and, since July 2017, a business unit of GE,










—


Sibintek provides information technology (IT) solutions for Rosneft and other customers in Russia, including, but not limited to, supply chain management systems, infrastructure, data storage and transmission systems, engineering systems, oil exploration and production systems, power saving and power supply solutions, and others,










—


Rosneft is active in the exploration, development, production and sale of crude oil and natural gas and the refining and marketing of petroleum products and petrochemicals,










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The JV will focus on the development, implementation, marketing, licensing and/or operation of industrial IoT apps based on the Predix Platform offered by GE.














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 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.










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. The following reference should always be specified:
M.8820 — GE/Rosneft/JV
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





Email:




COMP-MERGER-REGISTRY@ec.europa.eu




Fax




+32 22964301




Postal 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’).

(2)  OJ C 366, 14.12.2013, p. 5.