25.6.2014   

EN

Official Journal of the European Union

C 195/2

Prior notification of a concentration

(Case M.7289 — Golden Agri-Resources/Cepsa Química/JV)

Candidate case for simplified procedure

(Text with EEA relevance)

2014/C 195/02

1.

On 13 June 2014, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) 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.

3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under the Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7289 — Project Golden Agri-Resources/Cepsa Química/JV, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.