Brussels, 16 February 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of ETG Inputs Holdco Limited (‘EIHL’) of United Arab Emirates by SABIC Agri-Nutrients Company (‘SABIC AN’) of Saudi Arabia and ETC Group (‘ETG World’) of Mauritius.
EIHL is an importer, blender, and distributor of fertilisers with a focus on the African continent. SABIC AN is a producer of various fertiliser materials which it primarily sells to customers in Saudi Arabia. ETG World is a multinational conglomerate active in multiple industries, including agricultural fertilisers.
The Commission concluded that the proposed acquisition would raise no competition concerns, given EIHL’s limited activities in the European Economic Area and the companies’ limited combined market position resulting from the proposed transaction.
The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10999.
Source – EU Commission