CELEX: 32015M7770
Language: en
Date: 2015-10-08 00:00:00
Title: Commission Decision of 08/10/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7770 - VITOL / VTTI) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

Brussels, 08.10.2015
C(2015) 6986 final

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|To the notifying party:                                                |                                                                       |
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Dear Sirs,

Subject:    Case M.7770 – VITOL/ VTTI
Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and  Article  57  of  the  Agreement  on  the  European
Economic Area[2]

 1. On 14 September 2015, the European Commission received notification of a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
    Regulation by which the undertaking Vitol Holding B.V. ("Vitol", the Netherlands), through the acquisition of a 50% stake in the undertaking
    VTTI B.V. ("VTTI", the Netherlands) by its investment vehicle VIP Terminals Finance B.V. acquires within the meaning of Article  3(1)(b)  of
    the Merger Regulation control of the whole of VTTI, which it currently jointly controls.[3]

 2. The business activities of the undertakings concerned are:

  – for Vitol: Trading of commodities and financial instruments relating to the oil and gas sector;

  – for VTTI: Ownership and operation of oil products storage terminals

 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) and 5(d) 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)
Johannes LAITENBERGER
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]   OJ L 1, 3.1.1994, p. 3 ("the EEA Agreement").

[3]   Publication in the Official Journal of the European Union No C 312, 22.09.2015, p. 3.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                      PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE