CELEX: 32014M7289
Language: en
Date: 2014-07-09 00:00:00
Title: Commission Decision of 09/07/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7289 - GOLDEN AGRI-RESOURCES / CEPSA QUIMICA / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |
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                                        Brussels, 9.7.2014
                                        C(2014) 4975 final

|To the notifying party:                                            |                                                                   |

Dear Madam(s) and/or Sir(s),

Subject:    Case M.7289 • GOLDEN AGRI-RESOURCES/ CEPSA QUIMICA/ JV Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No
         139/2004[1]

 1. On 16.06.2014, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation  by
    which the undertakings Cepsa Química S.A. ("CEPSA CQ", Spain), belonging to the IPIC Group ("IPIC", Abu Dhabi ) and Golden Agri-Resources Ltd
    ("GAR", Singapore), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the  undertaking  Sinarmas  Cepsa
    Pte ("JV, Singapore), a wholly owned subsidiary of .GAR, by way of purchase of shares.

 2. The business activities of the undertakings concerned are:

    - CEPSA CQ,  production and sale of raw materials to make detergents and for the polyester industry, as well as cumene,  phenol  and  acetone
    for manufacturing resins, high technology plastics, synthetic fibres, pharmaceutical products and a long list of end uses;

    - IPIC, investments in the energy sector;

    - GAR, sustainable palm oil production in Indonesia, trading and refining crude palm oil  into value-added  products  such  as  cooking  oil,
    margarine and shortening;

    - the JV, development, formulation, production, marketing distribution and sale of fatty alcohols at global level.[2]

 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(a)/(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

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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]   Publication in the Official Journal of the European Union No C 195, 25.06.2014, p.2.
[3]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE