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WINGAS / HYDRO WINGAS
M.4689
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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
The proposed transaction will transform HydroWingas Limited (ìHydroWingasî), which currently is jointly owned and controlled by WINGAS GmbH (ìWINGASî) and Norsk Hydro (UK) Limited (ìNHUKî), into a wholly owned and solely controlled subsidiary of WINGAS and, thus, constitutes a concentration within the meaning of Art. 3(1)(b) of Council Regulation (EC) No 139/2004 (the îECMRî).
HydroWingas is active in the supply of natural gas to industrial end customers and certain wholesalers in the United Kingdom and has some limited trading activities at the National Balancing Point in the United Kingdom. WINGAS and its subsidiaries are primarily active in the supply, transportation and storage of natural gas with a particular focus on Germany.
WINGAS is controlled by Wintershall Holding AG (ìWintershallî), which is a wholly-owned subsidiary of BASF AG and mainly active in the exploration, production and sale of crude oil and natural gas.
The concentration relates to various markets for the supply of natural gas in the United Kingdom, to the upstream market for the development, production and sale of natural gas and to the market for trading gas at certain trading hubs. However, the concentration will have virtually no impact on any of these markets, as the market shares of HydroWingas are insignificant in all markets in which it is active.
The proposed transaction follows from WINGASí interest in making use for its future activities of HydroWingasí market know-how and NHUKís willingness to sell its shareholding in HydroWingas to WINGAS.