Merger Notification - Announcement according to § 10 Cartel Act

QatarEnergy; Chevron Phillips Chemical Company; Ras Laffan Petrochemicals Company - BWB/Z-6085 | Bundeswettbewerbsbehörde

QatarEnergy; Chevron Phillips Chemical Company; Ras Laffan Petrochemicals Company

BWB/Z-6085

22.09.2022

On 22.09.2022 the following merger was notified at the Federal Competition Authority:

Planned purchase process

Chevron Phillips Chemical Company LLC, USA, intends to acquire (indirectly) an  interest of 30 % in and joint control over in Ras Laffan Petrochemicals Company, 
Qatar. 

Economic sector:  Manufacture of refined petroleum products.

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 20.10.2022.

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 21.10.2022 .

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