CELEX: 32012M6571
Language: en
Date: 2012-06-25 00:00:00
Title: Commission Decision of 25/06/2012 declaring a concentration to be compatible with the common market (Case No COMP/M.6571 - VITOL / GRINDROD / COCKETT GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32012M6571

Commission Decision of 25/06/2012 declaring a concentration to be compatible with the common market (Case No COMP/M.6571 - VITOL / GRINDROD / COCKETT GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION     |
             Brussels, 25/06/2012
             PUBLIC VERSION C(2012)4417
                    
             SIMPLIFIED MERGER PROCEDURE
               |To the notifying parties: |
              
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.6571 - VITOL / GRINDROD / COCKETT GROUP  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004  [1]  
             1. On 29/05/2012, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which which Vitol B.V. ("Vitol", the Netherlands) and Grindrod Limited ("Grindrod", South Africa) acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Cockett Marine Oil Pte Ltd (Singapore) and Cockett Marine Oil South Africa (Pty) Ltd (South Africa) (together "the Cockett Group") by way of a purchase of shares in a newly created company constituting a joint venture [2]  .
             2. The business activities of the undertakings concerned are:
              - for Vitol: active in the physical trading of energy commodities relating in particular to the oil and gas sector.
              - for Grindrod: active in the movement of cargo by road, rail, sea and air through integrated logistics services utilising specialised assets and infrastructure.
              - for the Cockett Group: active in reselling marine fuels, also known as bunker trading.
             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
            [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 158, 05/06/2012, p.27
            [3] OJ C 56, 5.3.2005, p. 32.