Vitol / Sargeant Marine [2015] IECompA m15078 (23 December 2015)

Vitol / Sargeant Marine [2015] IECompA m15078 (23 December 2015)

The Competition and Consumer Protection Commission determined that the proposed acquisition of joint control by Vitol Holding B.V. and Sargeant Marine, Inc. over Asphalt Logistics & Trading B.V. does not raise competition concerns and is therefore cleared under Phase 1 review.

Parties
Acquirer: Vitol Holding B.V.; Seller/joint Controller: Sargeant Marine, Inc.; Target: Asphalt Logistics & Trading B.V.
Jurisdiction
Ireland
Judgment Date
23 December 2015
Procedural Posture
Merger Control / Phase 1 Determination
Outcome
Cleared (Phase 1)
Legal Topics
Joint Control Acquisition, Market Impact Assessment, Bitumen Trading Sector
Competition Law Merger Control Joint Control Acquisition Market Impact Assessment Bitumen Trading Sector

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Parties

Vitol Holding B.V.

Acquirer

Sargeant Marine, Inc.

Seller/joint Controller

Asphalt Logistics & Trading B.V.

Target

Procedural Posture

Merger Control / Phase 1 Determination

Legal Issues

  1. 1 Whether the proposed acquisition of joint control by Vitol Holding B.V. and Sargeant Marine, Inc. over Asphalt Logistics & Trading B.V. would substantially lessen competition in the relevant market.

Ratio Decidendi

The Competition and Consumer Protection Commission determined that the proposed acquisition of joint control by Vitol Holding B.V. and Sargeant Marine, Inc. over Asphalt Logistics & Trading B.V. does not raise competition concerns and is therefore cleared under Phase 1 review.

Court Disposition

Cleared (Phase 1)

Orders

  • The proposed transaction is cleared and may proceed.