In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.<\/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 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n Nature of the operation<\/strong><\/p>\n Economic sectors concerned<\/strong><\/p>\n Deadline for interested third parties to submit their observations<\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of an economic concentration operation in the energy sector, concerning the acquisition by the company \u201cVitol B.V.\u201d of the exclusive control of the Italian company \u201cSaras S.p.A.\u201d, which is currently controlled solely by entities belonging to the Moratti Family, namely the company \u201cMassimo Moratti S.a.p.A.\u201d, the company \u201cAngel Capital Management S.p.A.\u201d, and the company \u201cStella Holding S.p.A.\u201d.<\/p>\n \u201cVitol B.V.\u201d is a Dutch private limited liability company registered with the Chamber of Commerce under number 24126770, with its registered office at Weena 690 18th<\/sup> floor, 3012CN Rotterdam (Netherlands). It is active in energy marketing and trading. Specifically, its main activity is related to the supply and distribution of crude oil, petroleum products, natural gas, and other energy products, as well as refining, trading, transportation, storage, and energy production services.<\/p>\n \u201cSaras S.p.A.\u201d is an Italian joint-stock company registered with the Companies Register of Cagliari under number 00136440922, with its headquarters at SS195 Sulcitana Km 19, 09018 Sarroch (CA) (Italy). It operates in the energy and refining sector in Europe and more specifically in national and international oil markets by purchasing crude oil and selling finished products. Its main activity takes place within its refinery located in Sarroch, Sardinia. \u201d<\/em><\/p>\n Done in Rabat on April 4, 2024<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties. This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation. 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 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented. Names of the companies and groups concerned: The acquirer: the company \u201cVitol B.V.\u201d; The target: the company \u201cSaras S.p.A.\u201d. Nature of the operation Exclusive takeover. Economic sectors concerned Petroleum derivatives. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. April 15, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration operation in the energy sector, concerning the acquisition by the company \u201cVitol B.V.\u201d of the exclusive control of the Italian company \u201cSaras S.p.A.\u201d, which is currently controlled solely by entities belonging to the Moratti Family, namely the company \u201cMassimo Moratti S.a.p.A.\u201d, the company \u201cAngel Capital Management S.p.A.\u201d, and the company \u201cStella Holding S.p.A.\u201d. \u201cVitol B.V.\u201d is a Dutch private limited liability company registered with the Chamber of Commerce under number 24126770, with its registered office at Weena 690 18th floor, 3012CN Rotterdam (Netherlands). It is active in energy marketing and trading. Specifically, its main activity is related to the supply and distribution of crude oil, petroleum products, natural gas, and other energy products, as well as refining, trading, transportation, storage, and energy production services. \u201cSaras S.p.A.\u201d is an Italian joint-stock company registered with the Companies Register of Cagliari under number 00136440922, with its headquarters at SS195 Sulcitana Km 19, 09018 Sarroch (CA) (Italy). It operates in the energy and refining sector in Europe and more specifically in national and international oil markets by purchasing crude oil and selling finished products. Its main activity takes place within its refinery located in Sarroch, Sardinia. \u201d Done in Rabat on April 4, 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-41331","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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