Prior notification of a concentration (Case M.11988 – AAS / SINOPEC / FPCL / GULEI II JV) – Candidate case for simplified procedure

Official Journal of the European Union C/2025/3643 3.7.2025 Prior notification of a concentration (Case M.11988 – AAS / SINOPEC / FPCL / GULEI II JV) Candidate case for simplified procedure (Text with EEA relevance) (C/2025/3643) EN C series 1. On 25 June 2025, the Commission received notification of a proposed concentration pursuant to Article 4 and following a referral pursuant to Article 4(5) of Council Regulation (EC) No 139/2004 (1). This notification concerns the following undertakings: —Aramco Asia Singapore PTE. Ltd. (‘AAS’, Singapore), a wholly-owned affiliate of Saudi Aramco (Saudi Arabia), —China Petroleum & Chemical Corporation (‘Sinopec’, China), —Fujian Petrochemical Company Limited (‘FPCL’, China), controlled jointly by Sinopec and Fujian Energy Petrochemical Group Co (‘FEPG’ China). AAS, Sinopec and FPCL will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the newly created joint-venture Gulei II JV. The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture. 2. The business activities of the undertakings concerned are the following: —AAS serves as the Asia hub for Saudi Aramco’s treasury activities, IT services, talent acquisition as well as a regional hub and a gateway to the Southeast Asia and Oceania regions for crude oil and LPG marketing services, supply chain and material sourcing and quality management. Saudi Aramco is...