The Competition Council analyzes the transaction by which Vitol Bitumen Investments BV in the Netherlands takes over Valt BV, the Netherlands, and Sargeant Marine Bitumen SRL, according to a release. Valt BV is active in the storage, marketing and transport of bitumen, bitumen products, fuel and other derived products.

Sargeant Marine Bitumen SRL, owned by Valt BV, carries on activities related to the marketing of bitumen.

Valt BV is currently owned by Vitol Bitumen Investments BV and Sargeant Marine Cooperatief UA, the Netherlands. Upon completion of the transaction, Vitol Bitumen Investments BV will own all Valt BV shares.

Vitol Bitumen Investments BV is a company active in the trading, refining, storage, distribution and trade of mineral oil, bio fuel and other mineral oil products.

According to the provisions of the Competition Law (No 21/1996), this operation is an economic concentration that exceeds the value thresholds provided by the law, subject to the control of the Competition Council.