CELEX: 32005M3999
Language: en
Date: 2005-11-18 00:00:00
Title: Commission Decision of 18/11/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.3999 - GAZPROM / SIBNEFT) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|

32005M3999

Commission Decision of 18/11/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.3999 - GAZPROM / SIBNEFT) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |COMMISSION OF THE EUROPEAN COMMUNITIES     |
            Brussels , 18.11.2005
             SG-Greffe(2005) D/206220
             MERGER PROCEDURE ARTICLE 6(1)(b) DECISION
             SIMPLIFIED PROCEDURE
             PUBLIC VERSION
             To the notifying party
             Dear Sirs,
             Subject: Case No. COMP/M.3999 – Gazprom/ Sibneft Notification of 13.10.2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004  [1]  Publication in the Official Journal of the European Union No. C 261, 20.10. 2005, p. 8.
            1.  On 13 October 2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking Gazprom Finance B.V. controlled by Gazprom (“Gazprom”, Russia) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking JSC “Sibneft” (Joint Stock Company Siberian Oil Company) (“Sibneft”, Russia) by way of purchase of shares.
            2.  The business activities of the undertakings concerned are:
              - for Gazprom:  exploration, production, transportation, refining and marketing of     natural gas and petrochemical products;
              - for Sibneft:  exploration of oil and gas, production, refining and marketing of     oil and oil products and the sale of certain petrochemical products.
            3.  After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph c, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004 [2]  .
            4.  For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No. 139/2004.
             For the Commission (signed) Neelie KROES Member of the Commission
            [1] OJ L 24, 29.1.2004 p. 1
            [2] OJ C 56, 05.3.2005 p.32