M/15/078 – Vitol / Sargeant Marine

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.

Notification date Decision date
Wednesday December 23, 2015 Thursday, February 4, 2016
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.

Economic sector Media merger
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
Submissions from third parties due by:
Phase 1 Phase 2
Monday, January 11, 2016
Current status: Completed
Cleared (Phase 1)
Authorised Officer Assigned Contact Details
Joseph Walser

Tel: 01-470 3678, e-mail: josephwalser@ccpc.ie

Media enquiries: MKC Communications: 01 7038600

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