CELEX: 32015M7832
Language: en
Date: 2015-12-02 00:00:00
Title: Commission Decision of 02/12/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7832 - GUNVOR GROUP / KUWAIT PETROLEUM EUROPOORT) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 2.12.2015
                                        C(2015) 8774 final

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                                        To the notifying party:

Dear Sirs,

Subject:    Case M.7832 – GUNVOR GROUP / KUWAIT PETROLEUM EUROPOORT
         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 6 November 2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation
    by which the undertaking [Sandscape B.V.]*, ultimately controlled by Gunvor Group Ltd. ("Gunvor" of Cyprus) acquires within the  meaning  of
    Article 3(1)(b) of the  Merger Regulation sole control of the whole of the  undertaking  Kuwait  Petroleum  Europoort  B.V.  ("KPE"  of  the
    Netherlands) by way of purchase of shares. [3]

 2. The business activities of the undertakings concerned are:

      -     Gunvor is the main holding company of the Gunvor Group which is active in the upstream wholesale supply and refining  of  crude  oil,
           and the ex-refinery sales of refined oil products;

      -     KPE operates a refinery based in the Rotterdam port and is active in refining crude oil and in the ex-refinery sales of  refined  oil
           products.

 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.[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 380, 14.11.2015, p. 9.

*     Should read: "Sandcape B.V."

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE