CELEX: 32021M10474
Language: en
Date: 2021-11-16 00:00:00
Title: Commission Decision of 16/11/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10474 - NESTE / RAVAGO / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 16.11.2021
                                                                 C(2021) 8430 final
                                                                                 PUBLIC VERSION
                                                                Neste Oyj
                                                                Keilaranta 21, Espoo
                                                                POB 95, FIN-00095
                                                                Finland
                                                                Ravago S.A.
                                                                Rue de Merl 76 -78
                                                                Grand Duchy of Luxembourg
Subject:        Case M.10474 - NESTE / RAVAGO / JV
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 20 October 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Mrger Regulation by which the undertakings
        Neste Oyj (“Neste”) (Finland) and Ravago S.A. (“Ravago”) (Luxembourg) acquire
        within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control
        in a newly established full- function joint venture by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Neste: active in oil refining and commercialisation, focusing on low-emission,
              high-quality traffic fuels,
             for Ravago: active in the distribution of plastics, rubber and chemicals and in the
              production of recycled/compounded polymers,
             for the JV: active in the production and sale of liquefied waste plastic.
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 L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 446, 3.11.2021, p. 35.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 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 (a) and (c) of the Commission Notice on a simplified procedure for
   treatment of certain concentrations under Council Regulation (EC) No 139/2004.4
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 and Article 57 of
   the EEA Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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