Fusie tussen Sasol en Total gaat niet door (en)

The European Commission has acknowledged the withdrawal by Sasol Wax International AG (of Germany) and Total S.A (of France) of their notification of a proposed joint venture in the field of petroleum-based waxes. The proposed joint venture was notified to the Commission on 17^th February 2005 for clearance under the EU Merger Regulation. The Commission opened an in-depth investigation into the proposed joint venture on 13^th April 2005 because the Commission had serious concerns that the transaction could significantly impede effective competition in the common market (see IP/05/425). The decision to open an in-depth inquiry does not prejudge the final result of the investigation. The Commission will not take any further action now that the joint venture agreement has been terminated and the notification withdrawn.