This document is an excerpt from the EUR-Lex website
Document 32012M6721
Commission Decision of 09/11/2012 declaring a concentration to be compatible with the common market (Case No COMP/M.6721 - FIRST RESERVE MANAGEMENT / SK CAPITAL PARTNERS / TPC) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)
Odločba Komisije z dne 09/11/2012 o razglasitvi združljivosti koncentracije s skupnim trgom (Zadeva št. COMP/M.6721 - FIRST RESERVE MANAGEMENT / SK CAPITAL PARTNERS / TPC) v skladu z Uredbo Sveta (ES) št. 139/2004 (Besedilo v angleškem jeziku je edino verodostojno)
Odločba Komisije z dne 09/11/2012 o razglasitvi združljivosti koncentracije s skupnim trgom (Zadeva št. COMP/M.6721 - FIRST RESERVE MANAGEMENT / SK CAPITAL PARTNERS / TPC) v skladu z Uredbo Sveta (ES) št. 139/2004 (Besedilo v angleškem jeziku je edino verodostojno)
In force
Commission Decision of 09/11/2012 declaring a concentration to be compatible with the common market (Case No COMP/M.6721 - FIRST RESERVE MANAGEMENT / SK CAPITAL PARTNERS / TPC) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)
|EUROPEAN COMMISSION | Brussels, 9.11.2012 C(2012) 8235 final PUBLIC VERSION | | SIMPLIFIED MERGER PROCEDURE | |To the notifying parties | Dear Madam(s) and/or Sir(s), Subject: Case No COMP/M.6721 - FIRST RESERVE MANAGEMENT/ SK CAPITAL PARTNERS/ TPC Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 [1] 1. On 8 October 2012, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which which the undertakings First Reserve Management, L.P. ("First Reserve", USA) and SK Capital Partners ("SK", USA) acquire within the meaning of Article 3(1)(b) of the Merger Regulation, joint control of the undertaking TPC Group Inc. ("TPC", USA) by way of purchase of shares [2] . 2. The business activities of the undertakings concerned are: - for First Reserve: private equity and infrastructure investment specialising in the energy industry, including oilfield services, energy infrastructure and power and energy reserves, - for SK: private investment firm with a focus on the specialty materials, chemicals and healthcare sectors, and - for TPC: manufacture of value added products derived from petrochemical raw materials, such as C4 and C3 hydrocarbons, which are used in the manufacture of performance and specialty chemicals. 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 [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 [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 310, 13.10.2012, p. 41. [3] OJ C 56, 5.3.2005, p. 32.