Prior notification of a concentration (Case M.9600 — Saudi Aramco Development Company/Korea Shipbuilding and Offshore Engineering Company/JV) Candidate case for simplified procedure (Text with EEA relevance) 2019/C 358/08
Date: 2019-10-22
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, engine, maritime transport, merger control, oil industry, petrochemicals, provision of services, shipbuilding, technology








C_2019358EN.01001401.xml










22.10.2019   


EN


Official Journal of the European Union


C 358/14






Prior notification of a concentration
(Case M.9600 — Saudi Aramco Development Company/Korea Shipbuilding and Offshore Engineering Company/JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 358/08)

1.   
On 15 October 2019, 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:






—


Saudi Aramco Development Company (‘SADCO’, Saudi Arabia), a wholly owned subsidiary of Saudi Arabian Oil Company (‘Saudi Aramco’, Saudi Arabia),










—


Korea Shipbuilding & Offshore Engineering Co., Ltd. (‘KSOE’, South Korea),










—


a newly created joint venture company.




SADCO and KSOE acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created joint venture company.
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:






—


SADCO is primarily engaged in the exploration, production and marketing of crude oil and in the production and marketing of refined products and petrochemicals,










—


KSOE is a provider of integrated systems and solutions for powering seaborne transportation and technology and services for the offshore industry,










—


the newly created joint venture company will construct and operate an engines and marine pumps manufacturing site in Saudi Arabia.






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.


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.9600 — Saudi Aramco Development Company/Korea Shipbuilding and Offshore Engineering Company/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.