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OILTANKING GMBH / GUNVOR GROUP LTD / PT OILTANKING KARIMUN

M.6877

OILTANKING GMBH / GUNVOR GROUP LTD / PT OILTANKING KARIMUN
March 17, 2013
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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

1. Oiltanking GmbH ("Oiltanking") and Gunvor Group Ltd ("Gunvor") intend to create

a full-function joint venture over which both parties will exercise joint control. The

envisaged business activities of the joint venture will be to construct, own and operate

a terminal of petroleum products in Karimun, Riau Islands, Indonesia.

2. Oiltanking is ultimately controlled by Marquard & Bahls AG and offers storage

services for petroleum products, vegetable oils, chemicals and other liquids and gases

on a world-wide basis.

3. Gunvor is active in the trade, transport, storage and optimisation of crude oil, refined

mineral oil products and other energy products.

EUC

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