CELEX: 32014M7074
Language: en
Date: 2014-02-05 00:00:00
Title: Commission Decision of 05/02/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7074 - JSR / MOL / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 05.02.2014
                                        C(2014) 760

|To the notifying parties:                                          |                                                                   |                                                                   |                                                                   |
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Dear Madam/Sir,

Subject:    Case No COMP/M. 7074 - JSR / MOL / JV
Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 9 January 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation
    by which JSR Corporation ("JSR", Japan) and MOL Hungarian Oil and Gas Company Plc. ("MOL", Hungary) acquire within  the  meaning  of  Article
    3(1)(b) of the Merger Regulation joint control over Vierium Investment Zrt. ("Vierium", Hungary), by way of purchase of  shares  in  a  newly
    created company constituting a joint venture. [2]

 2. The business activities of the undertakings concerned are:

      -     JSR: active worldwide in the field of production and sale of  petrochemical  products,  namely  elastomers  and  plastics,  and  fine
           chemical materials, such as semiconductor materials, biomedical materials, optical materials, materials used  in  the  production  of
           liquid crystal displays, high performance material used in the environment and energy sector, etc.;

      -     MOL: active mainly in the EEA in the field of exploration, production  and  refining  of  crude  oil;  distribution  of  refined  oil
           products both at wholesale and retail level; petrochemicals; and exploration, production and transmission of natural gas;

      -     Vierium: will be active in the production of a synthetic rubber, namely solution polymerised styrene butadiene rubber (S-SBR).

 1. 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(c) of the Commission Notice on a simplified procedure for treatment of  certain  concentrations  under  Council
    Regulation (EC) No 139/2004.[3]

 2. 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
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[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 12, 16.1.2014, p. 4–4

[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE