Merger Notification - Announcement according to § 10 Cartel Act
Equinor ASA; A/S Norske Shell; TOTAL E&P Norge AS
On 11.12.2020 the following merger was notified at the Federal Competition Authority:
Planned purchase process
Equinor ASA, A/S Norske Shell and TOTAL E&P Norge AS plan to set up a Joint Venture as a greenfield project to construct and operate CO2 transport and storage infrastructures (carbon capture and storage, "CCS")
The proposed transaction concerns CO2 transportation and storage.
Industry sector: H - Verkehr und Lagerei
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 08.01.2021.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 09.01.2021 .