CELEX: 32011M6283
Language: en
Date: 2011-07-07 00:00:00
Title: Commission Decision of 07/07/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6283 - VALERO / CHEVRON) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

Important legal notice

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32011M6283

Commission Decision of 07/07/2011 declaring a concentration to be compatible with the common market (Case No COMP/M.6283 - VALERO / CHEVRON) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)  

          |EUROPEAN COMMISSION     |
            Brussels , 7.7.2011
             C(2011)5055 final
             PUBLIC VERSION       
             SIMPLIFIED MERGER PROCEDURE
             |To the notifying party: |
             Dear Madam(s) and/or Sir(s),
             Subject: Case No COMP/M.6283 – VALERO/ CHEVRON  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004  [1]  
            1.  On 09/06/2011, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertaking Valero Energy Corporation (Valero, USA) acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Chevron Limited, together with its wholly owned subsidiaries and shareholdings in a number of joint ventures ("Chevron", UK),  by way of  purchase of shares [2]  .
             2. The business activities of the undertakings concerned are:
             - for Valero: independent North American petroleum refiner and marketer supplying fuel and related products;
             - for Chevron: integrated fuel manufacturing and marketing business consisting of three divisions: (i) fuels manufacturing; (ii) UK and Ireland fuels marketing, and (iii) fuel supply and 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 C178,18/06/2011, p.25
            [3] OJ C 56, 5.3.2005, p. 32.