Commission Decision of 02/03/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.5773 - QATAR PETROLEUM / GENERAL ELECTRIC COMPANY / PII GROUP) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic) Official Journal 56 , 06/03/2010 P. 0005 - 0005 |EUROPEAN COMMISSION | Brussels , 02.03.2010 SG-Greffe(2010) D/2378/9 C(2010)1291 PUBLIC VERSION MERGER PROCEDURE ARTICLE 6(1)(b) DECISION SIMPLIFIED PROCEDURE To the notifying parties: Dear Madam(s) and/or Sir(s), Subject: Case No COMP/M.5773 – QATAR PETROLEUM/ GENERAL ELECTRIC COMPANY/ PII GROUP Notification of 29.01.2010 pursuant to Article 4 of Council Regulation (EC) No 139/2004 [1] Publication in the Official Journal of the European Union No C 31, 09.02.2010, p.10.
(1) On 29.01.2010, the European Commission received notification of a proposed concentration pursuant to Article 4 of the EC Merger Regulation by which the undertakings Al Shaheen Energy Services Company ("ASESC", Qatar), controlled by Qatar Petroleum ("QP", Qatar) and General Electric Company ("GE", USA) acquire within the meaning of Article 3(1)(b) of the EC Merger Regulation joint control of PII Group Ltd ("PII Group", United Kingdom) and PII North America LLC ("PII Group", USA), currently solely controlled by the General Electric Company ("GE", USA) by way of purchase of shares. (2) The business activities of the undertakings concerned are: - for QP: exploration, drilling and production operations, transport, storage, marketing and sale of crude oil, refined products, petrochemicals and fertilizers; - for GE: global, diversified manufacturing, technology and services company; - for PII Group: worldwide provider of pipeline inspection and integrity services to operators of oil and gas pipelines.
(3) After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the EC 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 [2] . (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 common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the EC Merger Regulation.
For the Commission (signed) Alexander ITALIANER Director General [1] OJ L 24, 29.1.2004, p. 1 (the "EC Merger Regulation"). [2] OJ C 56, 05.3.2005, p. 32 ("Notice on a simplified procedure").