CELEX: 32014M7154
Language: en
Date: 2014-02-28 00:00:00
Title: Commission Decision of 28/02/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7154 - WORLD FUEL SERVICES CORPORATION / WATSON PETROLEUM LIMITED) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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                                        Brussels, 28.2.2014
                                        C(2014) 1428 final

                                        To the notifying party

Dear Madam(s) and/or Sir(s),

Subject:    Case COMP/M.7154 - WORLD FUEL SERVICES CORPORATION / WATSON PETROLEUM LIMITED
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 31.01.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation  by
    which the undertaking WFS UK Holding Company II Limited (WFS UK, UK), controlled by World Fuel Services Corporation (WFS, US) acquires within
    the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of the undertaking Watson Petroleum Limited (Watson, UK) by  way
    of  purchase of shares[2].

 2. The business activities of the undertakings concerned are:

      -     for WFS : provision of aviation, marine and ground transportation fuel products and related services;

      -     for Watson : distribution of petroleum products, specifically  heating  oil,  gas  oil,  transport  fuels  and  automotive/industrial
           lubricants to domestic, commercial, industrial and agricultural customers.

 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(c)(i) and (ii) 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

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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 040, 11.02.2014, p. 9.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                           SIMPLIFIED MERGER PROCEDURE

                                                                  PUBLIC VERSION