Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

The Commission has received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (the “Merger Regulation”) by which the Japanese undertakings Mitsubishi Corporation Energy (“MCE”), a wholly-owned subsidiary of Mitsubishi Corporation (“MC”), and ENEOS Corporation , a wholly-owned subsidiary of ENEOS Holdings, Inc. (“ENEOS”), acquire joint control of the Japanese company Taiyo Koyu Co., Ltd. (“Taiyo Koyu”) within the meaning of Article 3(1)(b) of the Merger Regulation.

The main business activities of the parties are:

• for MC: operations across a variety of fields: natural gas, industrial materials, petroleum & chemicals, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution and urban development; MCE, the direct acquirer of shares in Taiyo Koyu, is a wholly owned subsidiary of MC active in the sale and trade (export/import) of petroleum products, construction and operation of gas stations, and sale of various industrial products.

• for ENEOS: operations in (a) energy, including production and sale of petroleum products, petrochemicals, electricity, lubricants, coal and hydrogen; (b) oil and natural gas exploration, refining and production; and (c) minerals, including mining, smelting, refining, sale and recycling of non-ferrous metals, manufacture and sale of electronic materials and treatment of industrial waste for reuse metals; ENEOS Corporation, the direct shareholder of Taiyo Koyu, operates the energy business of ENEOS.

• for Taiyo Koyu: operation of full service and self-service gas stations for trucks in Japan, retail sale of gasoline, kerosene, diesel, lubricating oils, and other petroleum products, sale of automotive parts, car inspection, and other car maintenance services.

1 Formerly known as JXTG Nippon Oil & Energy Corporation.

2 ENEOS Holdings, Inc. was formerly known as JXTG Holdings, Inc.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

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