CELEX: 32014M7291
Language: en
Date: 2014-09-05 00:00:00
Title: Commission Decision of 05/09/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7291 - VERSALIS / NOVAMONT) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 5.9.2014
                                        C(2014) 6410 final

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|To the notifying parties:                                          |

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

Subject:    Case M.7291 – VERSALIS / NOVAMONT
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 1 August 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 and  following  a  referral
    pursuant to Article 4(5) of the Merger Regulation by which the undertakings Versalis S.p.A. (“Versalis”, Italy),  controlled  by  ENI  S.p.A.
    (“ENI”, Italy), and Novamont S.p.A. (“Novamont”, Italy) acquire within the  meaning  of  Article 3(1)(b)  and  Article  3(4)  of  the  Merger
    Regulation joint control of a newly created company constituting a joint venture[2].

 2. The business activities of the undertakings concerned are:

1 Versalis is active in the production and marketing of a wide portfolio of petrochemical products, as well as the sale of licences  relating  to
      its technologies and know-how. Versalis is a wholly-owned subsidiary of ENI, an Italian multinational oil and gas company,  which  operates
      in a large number of fields including nuclear power, energy, chemicals, plastics and refining.

2 Novamont is an Italian company active in the production of bioplastics based on bioproducts and biodegradable  polymers  totally  or  partially
      obtained from renewable resources.

 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[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 260, 09.08.2014, p.11.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE