Commission Decision of 14/02/2005 declaring a concentration to be compatible with the common market (Case No IV/M.3636 - PETRONAS / SASOL / UHAMBO JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) | |Brussels, 14.02.2005 SG-Greffe(2005) D/200647 to the notifying parties Dear Madam(s) and/or Sir(s), Subject : Case No. COMP/M. 3636 – Petronas/Sasol/Uhambo/JV Notification of 14/01/2005 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 20 of 25.01.2005 1. On 14 January 2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings Petroliam Nasional Berhad (“Petronas”, Malaysia) and Sasol Limited (“Sasol”, South Africa) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the undertaking Uhambo Oil Limited (“Uhambo”, South Africa) by way of purchase of shares in a newly created company constituting a joint venture.
2. The business activities of the undertakings concerned are : - for Petronas : oil, natural gas and petrochemicals, - for Sasol : oil, natural gas and petrochemicals, - for Uhambo : refining and distribution of liquid fuels. 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 a of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No139/2004[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] Available on DG COMP website: http://europa.eu.int/comm/competition/mergers/legislation/consultation/simplified_tru.pdf. MERGER PROCEDURE ARTICLE 6(1)(b) DECISION SIMPLIFIED PROCEDURE PUBLIC VERSION