CELEX: 32018M9067
Language: en
Date: 2018-12-07 00:00:00
Title: Commission Decision of 07/12/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.9067 - Equinor Group / Danske Commodities) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 07.12.2018
                                                                C(2018) 8651 final
                                                                     PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9067 - EQUINOR REFINING NORWAY / DANSKE
                COMMODITIES
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 31 October 2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Equinor Refining
        Norway AS (‘Equinor Refining’, Norway), ultimately controlled by Equinor ASA
        (Norway), acquires within the meaning of Article 3(1)(b) of the Merger Regulation sole
        control of the whole of Danske Commodities A/S (‘Danske Commodities’, Denmark).3
        The concentration is accomplished by way of purchase of shares.
2.      The business activities of the undertakings concerned are:
             Equinor Refining is part of the Norwegian-based Equinor Group, whose business
              activities consist principally of worldwide exploration, production, transportation,
              refining and marketing of petroleum and petroleum-derived products, gas and other
              forms of energy, including renewable energy,
             Danske Commodities is a Danish independent trading house, specialising in physical
              and financial trading of electricity and gas. Danske Commodities is also active in
              origination, and provides balancing, optimisation, hedging, certificates and back-up
              supply to power generators, industrial companies, energy suppliers, and net-operators.
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 417, 16.11.2018, p. 33.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 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
4  OJ C 366, 14.12.2013, p. 5.
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