European Commission - Press release
Mergers: Commission clears acquisition of Bominflot's marine fuel business by Marquard & Bahls
Brussels, 20 March 2012 – The European Commission has cleared under the EU Merger Regulation the proposed acquisition of parts of Bominflot Bunkergesellschaft für Mineralöle mbH & Co. GG by Marquard & Bahls AG, both of Germany. The Commission concluded that the transaction would not raise competition concerns because it would not significantly alter the market structure.
Marquard & Bahls's main activities are in in oil trading, tank-terminal storage, aviation fuelling services and renewable energies. Bominflot is mainly active in physical bunkering and bunker trading, as well as in the operation of tank farms and barges and related activities such as offering tank-terminal storage services in Northern Germany. Both Marquard & Bahls and Bominflot are active in the tank-terminal storage of light petroleum products. Marquard & Bahls is also active in the wholesale of light petroleum products.
The Commission examined the competitive effects of the proposed merger, notably the overlaps between Marquard & Bahls' and Bominflot's activities in tank-terminal storage in Northern Germany, as well as the vertical link between tank-terminal storage and the wholesale of light petroleum products. The Commission found that the proposed merger would not alter the competitive conditions in the relevant markets. Therefore the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
Merger control rules and procedures
The Commission has the duty to assess mergers and acquisitions involving companies with a turnover above certain thresholds (see Article 1 of the Merger Regulation) and to prevent concentrations that would significantly impede effective competition in the EEA or any substantial part of it.
The vast majority of mergers do not pose competition problems and are cleared after a routine review. From the moment a transaction is notified, the Commission generally has a total of 25 working days to decide whether to grant approval (Phase I) or to start an in-depth investigation (Phase II).
More information on the case will be available at:
Amelia Torres (+32 2 295 46 29)
Marisa Gonzalez Iglesias (+32 2 295 19 25)