CELEX: 32020M9715
Language: en
Date: 2020-03-10 00:00:00
Title: Commission Decision of 10/03/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9715 - PCG / PCC / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 10.03.2020
                                                                C(2020) 1647 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9715 – PCG / PCC / JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 17 February 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings PETRONAS Chemicals Group Berhad (‘PCG’, Malaysia), controlled by
        Petroliam Nasional Berhad (‘PETRONAS’, Malaysia), acquires within the meaning of
        Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the undertaking
        PCC Oxyalkylates Malaysia Sdn. Bhd. (‘PCC Oxyalkylates’, Malaysia), controlled by
        PCC SE (‘PCC’, Germany), by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for PCG: active primarily in manufacturing and selling a diversified range of
              petrochemical products,
             for PCC: holding and parent company of the PCC Group and its affiliated
              companies. The PCC Group is active in the chemicals sector, the logistics sector
              and the energy sector,
             for PCC Oxyalkylates: will be active in the manufacturing and marketing of
              certain finished unblended oxyalkylates products, mainly in the Asia Pacific
              region.
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 (‘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 060, 24.02.2020, p. 4.
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.
 ---pagebreak--- 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 5(c) 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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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