CELEX: 32013M7025
Language: en
Date: 2013-09-23 00:00:00
Title: Commission Decision of 23/09/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7025 - OILTANKING / MACQUARIE / CHEMOIL STORAGE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32013M7025

Commission Decision of 23/09/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7025 - OILTANKING / MACQUARIE / CHEMOIL STORAGE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION     |
             Brussels, 23/09/2013
             C(2013)6285
             PUBLIC VERSION
             SIMPLIFIED MERGER PROCEDURE
             To the notifying parties:
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.7025 - OILTANKING/ MACQUARIE/ CHEMOIL STORAGE Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004  [1]  
            1.  On 19 August 2013, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings Oiltanking GmbH ("Oiltanking", Germany) ultimately controlled by Marquard & Bahls AG and Macquarie Financial Holdings Limited ("Macquarie FHL", Australia) ultimately controlled by Macquarie Group Limited acquire within the meaning of Article 3(1)(b) of the  Merger Regulation joint control of Chemoil Storage Limited ("Chemoil", Marshall Islands) by way of purchase of shares. [2]   
            2.  The business activities of the undertakings concerned are:
             - for Oiltanking: storage services for petroleum products, vegetable oils, chemicals and other liquids and gases on a world-wide basis,
             - for Macquarie FHL: holding company for the non-banking operations of Macquarie,
             -  for Chemoil: operation of a storage terminal for bulk liquid oil products through a fully owned subsidiary, relating services, such as blending and mooring in Singapore.
            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) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 [3]  .  
            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.
             For the Commission (Signed)
             Alexander ITALIANER Director General
            [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] Publication in the Official Journal of the European Union No C 247, 28.08.2013, p. 3.
            [3] OJ C 56, 5.3.2005, p. 32.