The Service of the Commission for the Protection of Competition has received a notification of a concentration according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, resulting from the transaction between Forset Group SA, SHC Forset Group Ltd and Mercuria Energy Group Holding SA for the acquisition of Interholco AG.
Forset Group SA., will be incorporated in the near future under the laws of Switzerland and will be a vehicle for the acquisition of the Target.
SHC Forset Group Ltd is a company duly registered under the laws of the Republic of Cyprus and holds 30% of the share capital of the Target.
Mercuria Energy Group Holding SA is a company duly registered under the laws of Switzerland. Mercuria Energy Group Holding SA provides energy trading services, offering crude oil, fuel oil, diesel, heating oil, jet oil, kerosene, naphtha and gasoline. Mercuria also offers asset and investment management services and net zero energy solutions and trading products. Mercuria is also involved in the trading of base metals and iron ore. In addition to physical commodity trading, Mercuria also deals in non-physical commodity trading through the use of derivatives for price hedging.
The Target in the proposed transaction is Interholco AG which is a company duly registered under the laws of Switzerland. The Target is active in the harvesting, storage, processing and trading of timber products, investment in logistics as well as investment and/or trading in environmental products or assets produced from tropical natural forests.
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