Prior notification of a concentration (Case M.10811 – INPEX / SC / SEML) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 265/05
Date: 2022-07-11
Institutions: Directorate-General for Competition, European Commission
Subjects: Japan, Sumatra, economic concentration, geothermal energy, investment company, merger control, mineral prospecting, natural gas, oil industry, power plant








C_2022265EN.01001101.xml










11.7.2022   


EN


Official Journal of the European Union


C 265/11






Prior notification of a concentration
(Case M.10811 – INPEX / SC / SEML)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 265/05)

1.   
On 4 July 2022, 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:






—


INPEX CORPORATION (‘INPEX’, Japan),










—


Sumitomo Corporation (‘SC’, Japan),










—


PT Supreme Energy Muara Laboh (‘SEML’, Indonesia).




INPEX and SC will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of SEML.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






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INPEX is an exploration and production company headquartered in Tokyo, Japan. It engages in research, exploration, development, production and sales of oil, natural gas, and other mineral resources and also invests in companies active in these fields.










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SC is a trading, business management, and project development company, headquartered in Tokyo, Japan. SC operates worldwide and is active in various sectors, including: (i) metal products; (ii) transportation and construction systems; (iii) infrastructure projects; (iv) media and digital; (v) living related and real estate; and (vi) mineral resources, energy, chemical and electronics.










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SEML owns and operates a geothermal power plant in the Western Sumatra Province of Indonesia, and sells its produced electricity exclusively to the Indonesian state-owned electricity utility.






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.10811 - INPEX / SC / SEML
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.