Extracted Data Points

  • The Competition Commission of India (CCI) has approved the creation of a joint venture company
  • The joint venture is between Mercuria Energy Netherlands B.V. and Tata International Singapore (Pte) Ltd
  • The Proposed Combination involves Mercuria Energy Group Limited through its subsidiary Mercuria Energy Netherlands B.V.
  • Tata International Singapore (Pte) Limited (TISPL) is the other party to the agreement
  • The joint venture company will be established in the Dubai International Financial Centre (DIFC), United Arab Emirates (UAE)
  • The arrangement includes associated pre-closing restructuring and transfers
  • Mercuria is a private limited liability company incorporated in the Netherlands
  • Mercuria and its affiliates are globally active energy and commodity companies
  • Mercuria's core activities include trading of energy products: crude oil, petroleum products, biodiesel, natural gas, electricity, carbon emission rights, coal
  • Mercuria also trades base metals and petrochemicals to a lesser extent
  • Post-closing, the Target company will operate as a joint venture entity of Mercuria and TISPL
  • The Target will be a newly formed commodities trading and investment entity
  • The JV will engage in trading of commodities including metals, minerals, agricultural products, and oil and gas products
  • The JV will operate through its subsidiaries in various jurisdictions including India
  • A detailed order of the Commission will follow