CELEX: 32010M5910
Language: en
Date: 2010-08-10 00:00:00
Title: Commission Decision of 10/08/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.5910 - MARTANK / MTTI / VTTI) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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32010M5910

Commission Decision of 10/08/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.5910 - MARTANK / MTTI / VTTI) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

         (.PICT.) |EUROPEAN COMMISSION     |
            Brussels , 10.08.2010
             SG-Greffe(2010) D/12285/12286
             C(2010)5685
             PUBLIC VERSION
             MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
             SIMPLIFIED PROCEDURE
             To the notifying parties 
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.5910 - MARTANK/ MTTI/ VTTI Notification of 12.07.2010 pursuant to Article 4 of Council Regulation (EC) No 139/2004  [1]  Publication in the Official Journal of the European Union No C 194, 17.07.2010, p.9
            1.  On 12.07.2010, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Martank B.V. ("Martank", The Netherlands), wholly controlled by Vitol Holding B.V. ("Vitol", The Netherlands), and MTTI SDN. BHD. ("MTTI", Malaysia), indirectly controlled by Petroliam nasional Berhad ("Petronas", Malaysia) through MISC Berhad ("MISC", Malaysia), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of VTTI B.V. ("VTTI", The Netherlands) a company constituting a joint venture, by way of purchase of shares.
            2.  The business activities of the undertakings concerned are:
             - for Vitol: trade with oil and gas, exploration and production activities in the oil and gas sector, inter alia.
             - for MISC: owning and operating of ships and offshore floating facilities as well as marine conversion and engineering & construction works.
             - for Petronas: full range of activities in the oil and gas sector.
            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) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 [2]  . 
            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 European Commission, (signed by Paul Csiszar) 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] OJ C 56, 5.3.2005, p. 32.