CELEX: 32019M9207
Language: en
Date: 2019-01-09 00:00:00
Title: Commission Decision of 09/01/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9207 - IFM Investors Pty Ltd / Vitol Holding BV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 9.1.2019
                                                                C(2019) 130 final
                                                                          PUBLIC VERSION
                                                                To the notifying parties:
Subject:        Case M.9207 - IFM INVESTORS/ VITOL / VTTI
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
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                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.        On 5 December 2018, the European Commission received notification of a proposed
          concentration pursuant to Article 4 of the Merger Regulation by which the undertakings
          Vitol Holding B.V. (“Vitol”, the Netherlands) and IFM Investors Pty Ltd (“IFM”,
          Australia) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger
          Regulation joint control of VTTI BV (“VTTI”, the Netherlands) by way of purchase of
          shares.3
2.        The business activities of the undertakings concerned are:
          –    for Vitol : trading of commodities and financial instruments relating to the oil and
               gas sector,
          –    for IFM : global investment manager,
          –    for VTTI: ownership and operation of oil products storage terminals.
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 447, 12.12.2018, p. 10.
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(b)
    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)
                                                   Johannes LAITENBERGER
                                                   Director-General
4  OJ C 366, 14.12.2013, p. 5.
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