In accordance with Article 13 of Law 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 for its implementation, the Competition Council makes available to the public the \u00ab summary of the transaction \u00bb below, containing the information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible for it. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed transaction.<\/p>\n
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 for the implementation of Law 104-12 on freedom of prices and competition.<\/p>\n
Names of companies and groups involved:<\/strong><\/p>\n Nature of the transaction<\/strong><\/p>\n Economic sectors concerned<\/strong><\/p>\n Deadline for interested third parties to submit their observations<\/strong><\/p>\n – 10 days from the date of publication of this press release, i.e. October 14, 2024.<\/p>\n NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of an economic concentration transaction involving the establishment of a joint venture \u00ab Fertiglobe plc \u00bb by the companies \u00ab Abu Dhabi National Oil Company (ADNOC) PJSC \u00bb and \u00ab OCI NV \u00bb.<\/p>\n \u00ab OCI \u00bb is a Public Limited Company established in the Netherlands and listed on Euronext Amsterdam stock exchange. It is a global producer and distributor of nitrogen, methanol, and hydrogen-based products and solutions.<\/p>\n \u00ab ADNOC \u00bb is a company established in the UAE. It is an energy and petrochemical group operating across the entire hydrocarbon value chain through a network of integrated companies.<\/p>\n \u00ab ADNOC Fertilizers \u00bb is a wholly-owned subsidiary of ADNOC International Limited, which is itself a wholly-owned subsidiary of ADNOC PJSC.<\/p>\n \u00ab Fertiglobe plc \u00bb is a producer and distributor of nitrogen fertilizers.<\/p>\n Done in Rabat on October 3, 2024.<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 for its implementation, the Competition Council makes available to the public the \u00ab summary of the transaction \u00bb below, containing the information provided by the parties. This information has been prepared by the notifying parties, who are solely responsible for it. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed transaction. The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 for the implementation of Law 104-12 on freedom of prices and competition. Names of companies and groups involved: Founder No. 1: Abu Dhabi National Oil Company (ADNOC) PJSC; Founder No. 2: OCI NV. Joint venture: Fertiglobe plc Nature of the transaction Establishment of a joint venture. Economic sectors concerned Production and sale of anhydrous ammonia; Production and sale of urea. Deadline for interested third parties to submit their observations – 10 days from the date of publication of this press release, i.e. October 14, 2024. NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration transaction involving the establishment of a joint venture \u00ab Fertiglobe plc \u00bb by the companies \u00ab Abu Dhabi National Oil Company (ADNOC) PJSC \u00bb and \u00ab OCI NV \u00bb. \u00ab OCI \u00bb is a Public Limited Company established in the Netherlands and listed on Euronext Amsterdam stock exchange. It is a global producer and distributor of nitrogen, methanol, and hydrogen-based products and solutions. \u00ab ADNOC \u00bb is a company established in the UAE. It is an energy and petrochemical group operating across the entire hydrocarbon value chain through a network of integrated companies. \u00ab ADNOC Fertilizers \u00bb is a wholly-owned subsidiary of ADNOC International Limited, which is itself a wholly-owned subsidiary of ADNOC PJSC. \u00ab Fertiglobe plc \u00bb is a producer and distributor of nitrogen fertilizers. Done in Rabat on October 3, 2024.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-40592","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
\n
\n