Prior notification of a concentration (Case M.12021 – PIC / WANHUA / WANHUA PETROCHEMICAL) – Candidate case for simplified procedure

Official Journal of the European Union C/2025/3666 3.7.2025 Prior notification of a concentration (Case M.12021 – PIC / WANHUA / WANHUA PETROCHEMICAL) Candidate case for simplified procedure (Text with EEA relevance) (C/2025/3666) EN C series 1. On 25 June 2025, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1). This notification concerns the following undertakings: —Petrochemical Industries Company K.S.C. (‘PIC’, Kuwait), controlled by Kuwait Petroleum Corporation (Kuwait), —Wanhua Chemical Group Co., Ltd. (‘Wanhua’, China). PIC and Wanhua will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Wanhua Chemical (Yantai) Petrochemical Co., Ltd. (‘Wanhua Petrochemical’, China), currently a wholly owned subsidiary of Wanhua. The concentration is accomplished by way of purchase of shares. 2. The business activities of the undertakings concerned are the following: —PIC is a global manufacturer and supplier of petrochemicals based in Kuwait. PIC is comprised of three divisions, namely Olefins, Aromatics and Fertilisers. It also participates in multiple local and international petrochemical joint ventures, —Wanhua is a global manufacturer and supplier of innovative chemical products based in China. The chemical products manufactured by Wanhua are used for a wide variety of applications including homeware / furniture, sports /...