Transaction details
The proposed transaction whereby Vitol Holding B.V., through the acquisition of 50% of the issued share capital of Asphalt Logistics & Trading B.V. from Sargeant Marine, Inc., would acquire joint control, with Sargeant Marine, of Asphalt Logistics & Trading, has been cleared by to the Competition and Consumer Protection Commission.
| Economic sector | Media merger |
| The industry the proposed transaction involves is the storing, trading and shipping of bitumen, bitumen products, pitch fuel and other "bottom of barrel" derivatives and in-chartering and out-chartering of vessels for the transportation of such products. | No |
Notification date: Wednesday, December 23, 2015
| Parties Involved | Business activities |
| Vitol Group | Vitol Group is an energy and commodities company whose business is located worldwide, and comprises the refining, storing, distribution of and trade in mineral oils, mineral oil products and biofuels. |
| Sargeant Marine, Inc. | Sargeant Marine is active in global trading, storage and marine transportation of asphalt (bitumen) products. |
| Case Officer Assigned | Contact Details |
| Joseph Walser | Tel: 01-470 3678, e-mail: [email protected] |
|
Media Enquiries |
MKC Communications: 01 7038600 |
The deadline for any third parties who wish to make submissions regarding the competition aspects of this merger is:
| Phase 1 |
| Monday, January 11, 2016 |
|
Current status |
Completed |
Cleared (Phase 1) |
Decision date: Thursday, February 4, 2016
