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
Haven’t found what you’re looking for?
Competition and Consumer Protection Commission
PO Box 12585, Dublin 1, D01 C576
Tel +353 (0)1 402 5500
Consumer helpline 01 402 5555