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.
Case details
- Notification date:23 December 2015
- Publication date:23 December 2015
- Economic sector:Transportation & storage - H
- Economic sub-sector:Water transport - H.50
- Outcome:Cleared
Documents
M.15.079 Merger AnnouncementPDF | 212 KBM.15.079 Merger Announcement PDF | 212 KB - Opens in new window
M.15.079 DeterminationPDF | 517 KBM.15.079 Determination PDF | 517 KB - Opens in new window
Timetable
Parties Involved
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.
Contacts
