|
|
EUROPEAN COMMISSION |
Brussels, 07.09.2018
C(2018) 5953 final
To the notifying parties
Subject:Case M.9065 – AKASTOR/MITSUI & CO/MITSUI OSK LINES/AKOFS OFFSHORE
Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
1
and Article 57 of the Agreement on the European Economic Area
2
Dear Sir or Madam,
1.On 16 August 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which the undertakings Akastor AS ("Akastor", Norway) controlled by Aker ASA ("Aker") and ultimately controlled by The Resource Group TRG AS, Mitsui & Co., Ltd. ("Mitsui", Japan) and Mitsui O.S.K. Lines, Ltd. ("MOL", Japan) acquire within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation joint control over AKOFS Offshore 1 AS ("AKOFS", Norway) by way of purchase of shares. 3
2.The business activities of the undertakings concerned are:
-Akastor is a Norwegian public limited investment company with a portfolio of companies mainly in the oilfield services sector;
-Mitsui is a Japanese trading company group engaged in a range of global business activities including worldwide trading of various commodities, financial services, and project and company management, inter alia within the offshore oil and gas industry;
-MOL is a Japanese multi-modal transport group specialising in a number of categories of global ocean shipping and related markets;
-AKOFS provides vessel-based installation and construction and well intervention services for subsea oil and gas developments.
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(b) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004. 4
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 and Article 57 of the EEA Agreement.
For the Commission
(Signed)
Johannes LAITENBERGER
Director-General