M/15/078 – Vitol / Sargeant Marine
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 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|
Tel: 01-470 3678, e-mail: email@example.com
Media enquiries: MKC Communications: 01 7038600