CELEX: 32014M7168
Language: en
Date: 2014-02-27 00:00:00
Title: Commission Decision of 27/02/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7168 - LUKOIL / ISAB / ISAB ENERGY / ISAB ENERGY SERVICES) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 27/02/2014
                                        C(2014) 1395 final

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|To the notifying parties:                                          |                                                                   |

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

Subject:    Case COMP/M.7168 – LUKOIL / ISAB / ISAB ENERGY / ISAB ENERGY SERVICES Commission decision pursuant to Article 6(1)(b) of Council
         Regulation (EC) No 139/2004[1]

 1. On 30 January 2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger  Regulation
    by which the undertaking ISAB S.r.l. (Italian Republic) controlled by Lukoil (Russian Federation) acquires  within  the  meaning  of  Article
    3(1)(b) of the  Merger Regulation control of the whole of  the undertakings ISAB Energy S.r.l. (Italian Republic) and  ISAB  Energy  Services
    S.r.l. (Italian Republic) by way of purchase of assets.

 2. The business activities of the undertakings concerned are:

      - for Lukoil : the exploration and production of oil and gas, the production and sale of petroleum products and  the  marketing  of  these
        outputs.

      - for ISAB S.r.l. : the holding of ownership of the ISAB refinery, a petrochemical complex located in Priolo Gargallo, Sicily.

      - for ISAB Energy S.r.l. : the holding of ownership as well  as  the  operation  of  the  Integrated  Gasification  Combined  Cycle  power
        generation plant in Sicily.

      - for ISAB Energy Services S.r.l. : the provision of operating and maintenance services in relation to utilities and  electric  power  and
        steam plants as well as refineries[2].

 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 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").
[2]   Publication in the Official Journal of the European Union No C 38, 08.02.2014, p.23 (HR), 27
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE