Commission Decision of 02/03/2010 declaring a concentration to be compatible with the common market (Case No COMP/M.5783 - STATOIL / SVITZER / FTTS (JV)) 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/2376/2377 PUBLIC VERSION C(2010) 1286 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.5783 – STATOIL/ SVITZER/ FTTS (JV) 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 30, 06.02.2010, p.
23 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 Statoil South Riding Point, LLC (“SSRP”, USA) belonging to Statoil ASA (“Statoil”, Norway) and Svitzer (Americas) Ltd. ("Svitzer", British Virgin Islands) belonging to the group A.P. Møller – Maersk A/S (“APMM”, Denmark) acquire within the meaning of Article 3(1)(b) of the EC Merger Regulation control of the whole of Freepoint Tug & Towing Services, Limited (“FTTS”, The Bahamas) by way of purchase of shares.
The business activities of the undertakings concerned are: - SSRP: provider of an oil storage and transshipment services; - Statoil: integrated oil and gas company; - Svitzer: provider of towage, salvage and other offshore supports services; - APMM: an international conglomerate, mainly active in maritime transport; - FTTS: a tugboat operator on the island of Grand Bahama in The Bahamas. 2. 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 (a) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 [2] .
3. 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").