Brussels, 8th August 2007
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of SSM Coal B.V. of The Netherlands by the American company Oxbow. The Commission’s investigation found that the proposed transaction would not impede effective competition in the European Economic Area (EEA) or any substantial part of it.
Oxbow is a US-based company primarily engaged in the global mining, production, marketing and distribution of a range of solid fuel and other carbon-related products including coal, calcined coke and fuel grade petroleum coke.
SSM is a Dutch company active principally in the sourcing, shipping, upgrading, marketing and distribution of a range of solid fuel and other carbon-related products including coal and fuel grade petcoke. SSM is a trading and distribution company and does not produce any of the products that it sells.
The parties' activities overlap on the market for solid fuels and on the narrower market for fuel grade petroleum coke. However, the Commission found that the proposed concentration would not give rise to any competition concerns on these markets due to limited overlaps and competitive pressure exerted by the parties' competitors.
More information on the case will be available at: