Prior notification of a concentration (Case M.10918 – PETRONAS / DURIO / ORIM HOLDING) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 428/09
Date: 2022-11-10
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, holding company, merger control, oil industry








C_2022428EN.01004201.xml










10.11.2022   


EN


Official Journal of the European Union


C 428/42






Prior notification of a concentration
(Case M.10918 – PETRONAS / DURIO / ORIM HOLDING)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 428/09)

1.   
On 28 October 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:






—


PETRONAS Trading Corporation SDN BHD (‘PETRONAS’, Malaysia), controlled by Petroliam Nasional Berhad (Malaysia),










—


Durio Invest BV (‘Durio’, The Netherlands),










—


Orim Holding Ltd (‘Orim’, Malta), currently solely controlled by Durio.




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


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






—


PETRONAS, is active in the sale and processing of crude oil and petroleum products in the Middle East, Asia-Pacific and the Far East. This includes the supply of crude oil that is suitable for the production of marine fuels. PETRONAS is further active in the wholesale of marine fuels through ex-wharf supplies to bunkering companies and other marine fuel suppliers from its storage tanks in Malaysia and Singapore,










—


Durio is the holding company of the founders and current indirect owners of Orim. Durio does not have any direct or indirect activities other than through Orim.






3.   

The business activities of Orim are the supply of marine fuels and the provision of refuelling of sea-faring vessels mainly in the Amsterdam – Rotterdam – Antwerp region, and in Malta.



4.   
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.


5.   
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.10918 – PETRONAS / DURIO / ORIM HOLDING
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.