- Query in any language with multilingual search
- Access EUR-Lex and EU Commission case law
- See relevant paragraphs highlighted instantly
Similar Documents
Explore similar documents to your case.We Found Similar Cases for You
SABIC AN / ETG WORLD / EIHL
M.10999
With us you find everything. Try it now!
I imagine what I want to write in my case, I write it in the search engine and I get exactly what I wanted. Thank you!
Valentina R., lawyer
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 European Commission has received a notification on 23 January 2023 of a proposed transaction in which SABIC Agri-Nutrients Company (“SABIC AN”) intends to acquire 49% of the shares in and joint control over ETG Inputs Holdco Limited (“EIHL”) from ETC Group (“ETG World”).
EIHL is an importer, blender, and distributor of fertilisers with a focus on the African continent. EIHL’s primary activity is to acquire raw fertiliser materials, blend them into fertiliser mixes and distribute these. EIHL’s current ultimate controlling parent companies are Export Marketing BVI Limited (“EMBL”), through ETG World, and the Government Employees Pension Fund of South Africa, represented by the Public Investment Corporation SOC Limited (the “PIC”).
SABIC AN is a producer of various fertiliser materials which it primarily sells to customers in Saudi Arabia. SABIC AN is ultimately controlled by Saudi Arabian Oil Company (“Saudi Aramco”), which in turn is majority owned by the government of the Kingdom of Saudi Arabia.
ETG World is incorporated in Mauritius and is a multinational conglomerate with a diverse portfolio of expertise across multiple industries, encompassing agricultural fertilisers (via EIHL), logistics, merchandising and processing, supply chain optimisation, digital transformation, and energy. ETG World’s ultimate controlling parent company is EMBL.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.