CELEX: 32013M6933
Language: en
Date: 2013-07-11 00:00:00
Title: Commission Decision of 11/07/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.6933 - VITOL / PHILLIPS 66 POWER OPERATIONS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32013M6933

Commission Decision of 11/07/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.6933 - VITOL / PHILLIPS 66 POWER OPERATIONS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION      |
             Brussels, 11/07/2013
             C(2013) 4529
             PUBLIC VERSION
             SIMPLIFIED MERGER PROCEDURE
             To the notifying party  
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.6933 – VITOL/ PHILLIPS 66 POWER OPERATIONS Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004  [1]  
            1.  On 14.06.2013, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Vitol Holding B.V (“Vitol”, the Netherlands), through one of its indirectly wholly-owned subsidiaries, Teak Power Operations Limited (“Teak”, UK), acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole control over Phillips 66 Power Operations Limited (“PPOL”, UK) by way of a purchase of shares [2]  .
            2.  The business activities of the undertakings concerned are:
              - for Vitol: worldwide company active in trading of various commodities, including  crude oil, oil products, LNG, natural gas, coal, electricity and carbon emissions;
              - for PPOL: active in UK in the generation and wholesale supply of electricity, in the retail supply of electricity and industrial process steam to local industrial 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 5c 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 C174, 20.06.2013, p.13
            [3] OJ C 56, 5.3.2005, p. 32.