In accordance with Article 13 of Law 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201csummary of the operation\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 adopted for the implementation of Law 104-12 on freedom of prices and competition, as amended and supplemented.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n – The acquirer: <\/strong>the company \u201cLyondellBasell Industries NV\u201d;<\/p>\n – The target:<\/strong> The company \u201cNational Petrochemical Industrial Company\u201d;<\/p>\n Nature of the operation <\/strong><\/p>\n – Joint control acquisition.<\/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 <\/strong><\/p>\n The Competition Council has been notified of an economic concentration operation concerning the indirect joint control acquisition by the company \u201cLyondellBasell Industries N.V.\u201d of the company \u201cNational Petrochemical Industrial Company\u201d, through the acquisition of 35% of its share capital and associated voting rights through the company \u201cBasell International Holdings B.V.\u201d.<\/p>\n \u201cLyondellBasell Industries N.V.\u201d is a Dutch public limited company listed on the New York Stock Exchange, which is the parent company holding the ultimate control of the LyondellBasell group.<\/p>\n \u201cNational Petrochemical Industrial Company\u201d is a closed Saudi joint stock company established in Saudi Arabia with its head office located in the industrial city of Yanbu, Saudi Arabia.<\/p>\n \u201cLyondellBasell Industries N.V.\u201d and \u201cNational Petrochemical Industrial Company\u201d are both active in Morocco in the sale of polypropylene resins.<\/p>\n Done in Rabat on March 14, 2024.<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201csummary of the operation\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 adopted for the implementation of Law 104-12 on freedom of prices and competition, as amended and supplemented. Names of the companies and groups concerned: – The acquirer: the company \u201cLyondellBasell Industries NV\u201d; – The target: The company \u201cNational Petrochemical Industrial Company\u201d; Nature of the operation – Joint control acquisition. Economic sectors concerned Market for the sale of polypropylene resins. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. March 25, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION The Competition Council has been notified of an economic concentration operation concerning the indirect joint control acquisition by the company \u201cLyondellBasell Industries N.V.\u201d of the company \u201cNational Petrochemical Industrial Company\u201d, through the acquisition of 35% of its share capital and associated voting rights through the company \u201cBasell International Holdings B.V.\u201d. \u201cLyondellBasell Industries N.V.\u201d is a Dutch public limited company listed on the New York Stock Exchange, which is the parent company holding the ultimate control of the LyondellBasell group. \u201cNational Petrochemical Industrial Company\u201d is a closed Saudi joint stock company established in Saudi Arabia with its head office located in the industrial city of Yanbu, Saudi Arabia. \u201cLyondellBasell Industries N.V.\u201d and \u201cNational Petrochemical Industrial Company\u201d are both active in Morocco in the sale of polypropylene resins. Done in Rabat on March 14, 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-41412","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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