commiss decis june compat merger common market eea agreement case comp celanes degussa jv european oxo chemic notifi document number german text authent text eea relev ec commiss european commun regard treati establish european commun regard agreement european econom area articl thereof regard council regul eec decemb control concentr undertak amend regul ec articl thereof regard commiss decis initi proceed case undertak concern opportun make view object rais commiss consult advisori committe concentr regard final report hear offic decemb commiss receiv notif plan merger accord articl council regul eec hereinaft quot merger regul quot notif celanes chemic europ gmbh celanes wholli own subsidiari celanes ag oxeno olefinchemi gmbh oxeno wholli own subsidiari degussa ag degussa establish joint ventur jv merg respect european oxo busi jv trade european oxo chemic gmbh eoc examin notif commiss found notifi oper fall scope merger regul rais doubt compat common market januari commiss accord articl merger regul decid initi proceed detail examin case commiss conclus plan oper creat domin posit result competit significantli imped substanti part common market parti german firm celanes chemic europ gmbh wholli own subsidiari german firm celanes ag chemic firm oper worldwid core busi basic chemic acet technic synthet fibr polypropylen foil food addit oxo chemic merg jv oxo alcohol plasticis solvent intermedi product product synthet fibr petrol addit polyethylen foil paint varnish german firm oxeno olefinchemi gmbh headquart marl germani wholli own subsidiari degussa ag headquart düsseldorf time notif degussa control ag part rag aktiengesellschaft essen germani busi worldwid special chemic oxeno produc chemic includ oxo alcohol plasticis solvent process synthet fibr varnish paint industri cosmet pharmaceut ii plan oper merger establish full function jv celanes oxeno jv produc distribut oxo chemic butyr aldehyd butanol butyl acet ethylhexanol eh dioctylphthal dop carbon acid trimethylhexan acid ethylhexan acid butyr acid parti merg respect european oxo busi jv technic reason oxeno transfer butyr aldehyd facil marl jv oxeno produc butyr aldehyd exclus jv deliv entir butyr aldehyd product jv butyl acet oxeno transfer busi jv celanes retain butyl acet busi conduct context oxo chemic acetyl busi eh degussa transfer exist eh deliveri contract eh custom base jv abandon eh product jv establish focu longer chain substitut product ina appli eh downstream product dop degussa likewis transfer custom base celanes transfer carbon acid facil jv jv acquir number ancillari servic degussa tank facil fatti alcohol distil ethanol finish resin product hydrogen cyclododecatrien cyclododecan process butylen glycol acet acid butylen glycolacet iii merger jv full function joint ventur mean articl merger regul jointli control celanes oxeno establish limit period exercis function autonom econom entiti celanes oxeno hold jv strateg busi decis financi plan manag appoint major invest busi plan gener meet meet partner requir unanim vote jv jointli control parti ultim jv exercis function autonom econom entiti establish unlimit period product facil transfer perman exercis relev market function exercis firm market manag deal dai dai busi adequ financi resourc cover busi produc oxo chemic market exclus product facil staff transfer celanes oxeno jv addit direct access market respons market product plan oper merger mean articl merger regul read conjunct articl iv commun dimens firm concern worldwid turnov eur billion celanes ag eur million rag aktiengesellschaft approxim eur billion celanes rag commun turnov eur million celanes achiev third commun turnov singl member state notifi merger commun dimens assess term competit detail scrutini merger establish merger creat strengthen domin posit result competit significantli imped common market substanti part thereof supplier relev market basic materi relev product butyr aldehyd produc propylen synthet ga butanol ethylhexanol eh carbon acid tmp npg produc basic product subsequ process stage process stage butyl acet produc butanol product butyl amin butyl acryl suppli celanes produc eh acryl dioctylphthal dop made eh supplier tend vertic integr preliminari product primarili process facil parti basf perstorp atofina zakladi azotow quot kedzierzyn quot sa import vertic integr supplier basf world largest chemic group closur work tarragona spain entir oxo chemic product concentr ludwigshafen basf competitor present market jv busi mean integr strategi seek enhanc synergi integr product system basf depend competitor oxo chemic market sale parti upstream basf strongli repres market oxo intermedi product perstorp swedish firm activ oxo intermedi engin materi coat intermedi perform chemic formox turnov approxim sek million born merger perstorp ab nest oxo thing produc butyr aldehyd butanol eh dop atofina totalfinaelf subsidiari consist elf atochem chemic divis petrofina atofina oxo chemic busi primarili oxochimi lavera marseil franc oxochimi joint ventur found atofina bp make butyr aldehyd butanol eh compani hold capit oxochimi entitl suppli butanol eh butyr aldehyd reprocess intern deliveri custom atofina produc import eh downstream product dop bp drop dop product bp vertic integr downstream product butanol zakladi azotow quot kedzierzyn quot zakladi polish produc base kozl poland oxo divis produc oxo alcohol semi finish product eh iso butanol iso butyr aldehyd thing plasticis divis produc dop dibutyl phthalat dbp di isobutyl phthalat dibp firm busi difficulti renationalis polish state publicli offer enter negoti sale firm zakladi custom firm bank supervis accept busi contract gener profit butyr aldehyd butyr aldehyd chemic step oxo chemistri produc propylen reaction synthesi ga synga reaction lead product isom butyr aldehyd iso butyr aldehyd butyr aldehyd ratio tonn butyr aldehyd tonn iso butyr aldehyd isom deriv product iso butanol neopentilglycol npg iso butyr aldehyd butanol ethylhexanol eh trimethilolpropan tmp carboxyl acid butyr aldehyd produc butyr aldehyd produc downstream product merchant market iso butyr aldehyd limit captiv merchant market repres total product relev market parti submit butyr aldehyd consid real market intermedi product relat merchant market smaller captiv exist chemic firm europ bui product depend suppli produc downstream chemic product bui pattern rang spot purchas long term contract suppli side firm produc butyr aldehyd eea perstorp sweden basf celanes oxeno germani atofina franc sell butyr aldehyd merchant market captiv import due produc locat poland zakladi atofina smaller player merchant market butyr aldehyd butyr aldehyd busi exhibit characterist market addit butyr aldehyd iso butyr aldehyd regard distinct product market reason demand side substitut butyr aldehyd iso butyr aldehyd isom lead downstream product investig carri commiss reveal isom purpos substitut case true manufactur downstream product tmp pvb npg repres sale butyr aldehyd merchant market due fact molecul exhibit chemic properti downstream product deriv isom specif chemic reaction custom bui specif isom bought isom produc product tmp pvb butyr aldehyd npg iso butyr aldehyd lastli averag price isom show signific differ rang year shown tabl partli explain fact custom commonli bui smaller volum iso butyr aldehyd case isom result market iso butyr aldehyd smaller butyr aldehyd kt compar kt butyr aldehyd tabl celanes averag price gt tabl gt supplier flexibl product switchov isom produc time reactor depend condit pressur temperatur modif characterist catalyst ratio product isom slightli modifi parti competitor confirm ratio commonli remain rang ratio move rang slowli month need modifi ratio percentag point appear produc signific quantiti isom equip consequ distinct product market distinguish section butyr aldehyd iso butyr aldehyd oxeno activ market iso butyr aldehyd oppos market butyr aldehyd assess focu market butyr aldehyd section time commiss isom mean characterist appli isom observ relat isom specif refer made isom geograph market butyr aldehyd market butyr aldehyd european scope parti submit market butyr aldehyd consid real market eea wide scope produc suppli custom europ investig show market eea wide signific import export butyr aldehyd recent year eea rest world except zakladi sale europ custom competitor larg confirm market european scope hand butyr aldehyd raw materi low econom transport long distanc unstabl presenc oxygen requir expens storag infrastructur special mean transport northern europ southern europ constitut distinct geograph market butyr aldehyd attempt precis delin geograph market note main custom butyr aldehyd european sale concentr countri belgium germani itali main custom account demand breakdown member state shown tabl tabl total sale butyr aldehyd countri gt tabl gt investig carri commiss lead conclus distinct geograph market distinguish northern continent europ fact germani belgium southern europ fact itali appear sale condit itali germani belgium differ significantli averag price butyr aldehyd germani belgium eur tonn eur tonn itali period signific differ eur price germani explain transport cost eur higher averag itali germani result margin supplier higher itali germani belgium tabl show tabl averag price variabl cost gross margin percentag gross margin proport total price supplier basi sale countri destin gt tabl gt differ explain smaller sale volum pattern produc discrimin price custom depend volum countri destin product deliv direct custom plant price tonn includ transport cost produc respons logist produc price product buyer countri buyer locat volum bought past market share produc germani belgium celanes oxeno basf control market lead firm celanes itali market share distribut perstorp basf lead player competitor activ supplier compar main supplier germani belgium supplier perstorp zakladi enjoi signific market share limit sale germani atofina activ germani sale itali itali strong presenc competitor perstorp low market share germani explain transport cost perstorp face high transport cost germani eur tonn effect compet local produc face lower transport cost rang eur eur tonn itali perstorp german produc face higher transport cost equal competit foot situat butanol eh perstorp intermedi storag tank hamburg rotterdam suppli custom northern europ econom fact butyr aldehyd unstabl presenc oxygen store transport nitrogen atmospher special equip recycl vapour butyr aldehyd perstorp confirm tank make econom sens tank carri vessel transport larg quantiti vapour recycl system vessel system board lastli vessel fill pipe plant butanol eh perstorp pipe plan instal price specif pipe consequ perstorp choic fill iso contain sweden tonn transport truck rail contain ship ferri germani final custom europ truck rail investig shown price import paramet secur suppli time deliveri custom commonli compar small storag capac produc time product delai toler admittedli storag capac custom expand low cost result locat advantag german supplier suppli custom germani belgium partli offset reason appear penetr area german produc locat offer high level secur suppli difficult competitor perstorp sweden recent zakladi poland german produc deliv dai truck explain perstorp low market share germani belgium butyr aldehyd amp lt perstorp transport cost lower deliveri butyr aldehyd antwerp eur tonn compar deliveri southern germani eur tonn competit condit itali local produc area german swedish polish supplier compet equal foot term transport cost suppli condit secur suppli time deliveri reflect market share evenli distribut supplier basf perstorp celanes zakladi consequ distinct geograph market butyr aldehyd distinguish assess northern european market belgium germani southern european market itali compat common market propos oper celanes oxeno contribut product butyr aldehyd locat oberhausen marl germani newli creat joint ventur oxeno activ market iso butyr aldehyd iso butyr aldehyd produc time butyr aldehyd intern demand high reportedli burnt assess focus market butyr aldehyd addit activ descript condit competit market prior propos oper market butyr aldehyd oligopolist market competit strong market transpar produc face similar cost characterist market stabl aggreg demand stagnat matur market small industri matur market butyr aldehyd transpar characterist isom iso butyr aldehyd standardis qualiti exist product custom confirm isom market consid market homogen product qualiti differ extrem case product suppli respect standard agre product lethal downstream reaction case product reportedli accept commerci relat supplier termin supplier europ locat germani produc market year entrant market past year consequ characterist plant technolog capac public knowledg true plant classifi council direct ec decemb control major accid hazard involv danger substanc requir direct publish characterist volum chemic substanc store product capac evolv dramat recent year increas past year lastli produc activ downstream market concentr main player butyr aldehyd market lead player downstream product market eh butanol dop butyl bacet knowledg merchant market downstream product enabl precis idea captiv butyr aldehyd spare capac produc plant tabl capac total product butyr aldehyd eea year kt gt tabl gt technolog exist world produc butyr aldehyd produc europ technolog base rhodium catalyst result quantiti energi propylen synga carbon monoxid hydrogen need manufactur tonn butyr aldehyd repres variabl cost significantli produc variabl cost propylen price synga price energi percentag point eur tonn eur tonn energi eur tonn synga expens propylen repres final variabl cost produc butyr aldehyd tabl produc averag variabl cost show produc variabl cost similar variat rang eur tonn differ overestim result simpli variat price propylen year ii assess comparison gross margin eur tonn cf subsequ section tabl averag variabl cost tonn butyr aldehyd produc produc gt tabl gt produc easili work variabl cost competitor bulk variabl cost determin price propylen quot daili intern market ici lor publish propylen price europ instanc remain variabl cost compris energi similar eur tonn produc synga account smaller fraction variabl cost propylen synga account weight cost final product cost stabl propylen made carbon monoxid hydrogen produc neighbourhood chemic plant refineri characterist market stabl time price stabl price butyr aldehyd fluctuat time due fact cost produc butyr aldehyd depend price main raw materi propylen fluctuat significantli time butyr aldehyd sale instanc sold suppli contract agre price base formula take account price propylen quantiti propylen need produc tonn butyr aldehyd formula contract butyr aldehyd price propylen price charg rang charg compris rework cost transport cost produc margin price negoti relat exclus level charg exclud fluctuat price propylen contract base formula short term contract monthli quarterli contract consid industri fix price quot spot quot purchas admittedli fix price reflect cost propylen price propylen time rework transport cost margin correspond charg commiss investig show larg custom spot contract signific volum butyr aldehyd firm firm technolog innov matur busi mention plant produc butyr aldehyd europ decad technolog evolv significantli recent decad major modif relat catalyst cadmium replac rhodium produc player market confirm matur busi market butyr aldehyd stabl butyr aldehyd slight declin expect come year ow declin sale eh produc butyr aldehyd fact plasticis produc eh dop recent classifi toxic applic prohibit futur phase relat risk assess base type applic complet affect volum eh produc product butyr aldehyd countervail bui power number custom market limit ten custom commonli account produc sale custom hold strong countervail bui power firstli custom bui butyr aldehyd vertic integr unlik butyr aldehyd produc secur suppli time deliveri investig show reason custom regard limit number produc altern maintain long term commerci relationship involv close cooper term logist switch supplier entail higher risk uncertainti requir set effici logist chain test compat product characterist chemic reaction perform plant addit supplier make addit tank order store separ product suppli produc case product problem enabl custom identifi product respons lastli merchant market butyr aldehyd repres total product butyr aldehyd loss custom limit impact activ produc light market condit market iso butyr aldehyd regard highli concentr oligopolist market competit weak impact merger market propos joint ventur lead overlap itali oxeno activ assess focus northern european market butyr aldehyd compris germani belgium market propos oper result combin market share celanes oxeno remain player basf market share perstorp zakladi market share high rais doubt propos oper lead creation strengthen domin posit analys detail investig carri commiss show firstli market share reliabl indic market power case competitor enjoi spare capac challeng notifi parti posit tabl volum sold relat market share butyr aldehyd germani belgium gt tabl gt market share merchant market butyr aldehyd small repres total annual product butyr aldehyd produc suppli merchant market spare capac theoret switch part butyr aldehyd intern downstream product merchant market occur requir demand downstream product decreas margin gener butyr aldehyd significantli higher gener downstream product explain competitor enjoi spare capac parti market share declin sharpli past year eea pattern german belgian market consid degussa activ itali celanes small turnov size total market shrank period loss term sale bigger parti combin sale fell kt kt decreas tabl parti sale market share butyr aldehyd eea gt tabl gt main reason strong evolut relat characterist market butyr aldehyd twenti compani purchas butyr aldehyd hand signific sale northern european market germani belgium compani purchas butyr aldehyd sold market bayer germani kt year solutia belgium kt year kurarai germani kt year wacker germani kt year consequ custom purchas pattern impact market share signific demonstr oxeno basf case firm chose oxeno addit supplier butyr aldehyd result oxeno suddenli acquir market share similarli basf lost sale perstorp result basf market share jump tabl basf sale butyr aldehyd kt market share eea basf turnov itali fluctuat situat reflect germani belgium gt tabl gt limit number custom small size merchant market compar level product market share competitor fluctuat wide minimis role market share indic market power market share year show competit market butyr aldehyd spare capac parti lead posit highli concentr market propos oper lead detriment effect competitor face capac constraint significantli increas quantiti put merchant market reaction output reduct price increas parti tabl capac product captiv merchant market butyr aldehyd eea gt tabl gt parti parti report repli statement object oxeno capac dramat reduc consequ launch product ina part butyr aldehyd plant produc ina result oxeno butyr aldehyd capac reduc kt year kt year onward joint ventur capac kt year spare capac base product figur kt year parti enjoi largest capac spare capac market differ basf kt year spare capac smaller atofina atofina produc butyr aldehyd subsidiari oxochimi lavera oxochimi spare capac confirm transcript telephon call april import intern produc butanol eh core busi sell merchant market kt butyr aldehyd atofina price butyr aldehyd increas significantli consid divert part intern butyr aldehyd sell merchant market atofina strategi capac constraint confirm level product compar capac year remain high level atofina consid excel ratio industri past produc incid period mainten stop product butyr aldehyd month instanc perstorp perstorp enjoi spare capac ask margin manoeuvr admit limit raw figur put real capac lower nomin capac kt produc chemic part butyr aldehyd capac kt consequ perstorp spare capac repres northern european market offset output reduct parti lastli spare capac perstorp competit player northern european market butyr aldehyd signific custom area custom purchas tonn custom decid switch supplier supplier result perstorp sale area ask reason switch custom explain perstorp price charg top cost propylen higher price propos german produc eur tonn compar charg eur eur custom cost transport butyr aldehyd sweden main reason perstorp competit produc rais charg case perstorp charg chang attract german produc propos higher price custom price propos basf celanes return normal custom switch back custom state perstorp concern lose signific volum back time lower price lowest price propos perstorp remain significantli higher basf celanes price price propos area analysi confirm data gather depth investig instanc perstorp price butyr aldehyd rang eur eur tonn eur germani eur itali basf celanes sold butyr aldehyd price rang eur eur germani period quot past month custom receiv similar price level perstorp discard propos custom confirm perstorp competit price level transport cost data confirm differ local produc perstorp perstorp transport cost rang eur eur tonn deliv germani comparison celanes transport cost rang eur eur tonn deliv area perstorp restrict local produc room manoeuvr increas price eur tonn fact celanes basf lower price custom lost sale perstorp show perstorp exert competit control basf notifi parti tabl volum butyr aldehyd sold merchant market relat market share past year eea gt tabl gt basf light basf appear strong competitor spare capac sell addit butyr aldehyd german belgian market basf spare capac amount kt nomin capac size merchant market germani belgium unlik perstorp basf face low transport cost suppli german belgian custom easili larg spare capac gain addit market share joint ventur reduc sale volum rais price ask strategi market butyr aldehyd basf repli activ market conserv long run approach busi suddenli place signific addit volum market profit long term price remain low price sell butyr aldehyd compar price downstream product produc intern give ideal margin achiev target connect return capit emploi roce manag busi long run turnov cover fix cost financi target met strategi pursu supplier butyr aldehyd basf market share eea year expand maverick year respect basf explain lost signific sale perstorp realis reduc depend custom result reorganis portfolio custom won back major custom increas sale kt shown tabl basf increas sale year period consider tabl basf sale butyr aldehyd kt gt tabl gt custom report basf market propos limit volum case instanc suppli contract negoti recent import custom countri custom custom ask basf quotat fulli suppli case basf agre suppli market price line celanes oxeno price limit volum roughli half demand conclud histor trend market share basf futur activ competitor spare capac basf counteract price increas joint ventur investig commiss found evid basf alter strategi react reduct suppli futur price increas joint ventur expand suppli basf improv posit market exert effect competit pressur jv behaviour recent year show posit found advantag expand market share significantli year entrant produc eea strong competit expect entrant entrant report past year size european market exhibit substanti overcapac cost build plant strict regul appli seveso site construct plant highli futur exist chemic plant eea produc butyr aldehyd zakladi poland firm russia romania custom report suppli romanian russian firm offer level secur suppli requir european custom germani belgium closer reliabl supplier activ custom germani suppli zakladi market share zakladi signific player italian market german custom report consid zakladi offer level secur suppli high risk suppli zakladi declin time commit long term suppli contract case instanc solutia kurarai propos spot contract short period spot contract sign short capac unsecur suppli propylen zakladi fring player germani belgium posit exercis counter pressur joint ventur zakladi signific player itali year market share appar suppli butyr aldehyd satisfactori logist chain rule locat close germani zakladi year ahead develop effici sale organis increas market share germani conclus butyr aldehyd appear propos oper basi give joint ventur market share market share appear signific fallen sharpli recent year celanes loss market share addit market share level reliabl indic market power small size merchant market limit number custom develop market share year recit shown competit exist butyr aldehyd market market highli concentr parti main competitor basf lesser extent perstorp enjoi spare capac suffici avert output reduct price increas merg parti commiss found strong evid basf alter strategi spare capac follow price increas effect parti lastli zakladi posit develop logist chain highli price southern european market possibl rule event small signific temporari price increas zakladi step deliveri northern european market present case note merger lead creation strengthen domin posit commit parti commiss take note commit parti commit parti undertak maintain durabl secur suppli butyr aldehyd custom accord market activ hitherto end declar readi renew exist suppli contract custom purchas request volum term quantiti butyr aldehyd suppli made current sale price price formula maintain subject cost inflat relat adjust factor appli usual paramet commit condit approv butanol relev product market butanol buoh downstream product butyr aldehyd produc catalyt hydrat butyr aldehyd precursor seri chemic intermedi product butyl acet butylamin butylacryl phthalat plasticis adequ substitut product butanol varnish product butanol technic speak replac seri product compar solvent thin capac adapt formula propanol keton glycol ether aromat absenc adequ substitut assum relev product market consist butanol butanol form isom iso butanol butanol made butyr aldehyd iso butanol iso butyr aldehyd argument accept separ product market type butanol demand side instanc low degre substitut applic type solvent replac suppli side substitut flexibl organis product process produc basic switch product capac butanol iso butanol great extent reason product precursor butyr aldehyd type iso butyr aldehyd basic fix ratio butanol produc instanc wish rais product iso butanol boost product iso butyr aldehyd butyr aldehyd output rise proport produc find excess buh case butanol product option end dai product type butanol risen proport situat conceiv integr produc produc butyr aldehyd obtain type product reprocess product type iso butyr aldehyd small quantiti iso butyr aldehyd left hydrat word iso butanol product produc produc larger quantiti butanol small quantiti iso butanol situat possibl offer suppli iso butanol renounc possibl process iso buh sell product made supplier depend product made butyr aldehyd isom obtain market share iso butanol appli parti similar market share butanol isom argument favour accept separ market fact price trend isom parallel instanc price butanol higher price iso butanol averag price virtual ident question separ market defin iso butanol left unansw moment merger compat common market singl butanol market separ market type accept relev geograph market parti butanol market eea wide custom feel demarc nation market realist investig reveal ground believ german supplier deliv butanol german custom enjoi compar advantag foreign supplier result parti substanti higher market share germani impact advantag warrant conclus nation market fragment defin region market consist germani neighbour countri uneven distribut market share eea countri point exist separ market thing pattern supplier domin posit home market true parti success germani sizeabl market share sweden franc perstorp atofina home market basf hand averag market share germani transport cost argument accept narrow geograph market eea market data db cargo show parti main competitor transport cost disadvantag narrow gap signific neg effect foreign supplier sell butanol germani evid foreign manufactur suppli german market secur suppli consider true secur suppli import competit factor butanol buyer alongsid price qualiti evid foreign supplier suppli german market simpli guarante secur suppli account distanc facil custom work clear repli commiss question distanc supplier signific factor reason likelihood suppli unreli rise distanc final foreign supplier erect rent tank germani recent exampl perstorp acquir tank hamburg put oper butanol sale germani increas consider south african produc sasol erect tank marl compat merger common market merger gener signific market share eea wide butanol market merger give parti market share rais fear domin posit result competit significantli imped common market substanti part assess affect singl market butanol specif market butanol isom posit assess competit term basi eea wide market butanol singl eea wide market butanol posit word distinct made iso butanol market structur merger tabl market share butanol gt tabl gt commiss identifi volum free market slightli kt celanes account kt oxeno kt monthli sale figur parti ad market share slightli oxeno share combin share parti volum market greater tabl oxeno figur includ deliveri joint ventur degussa share firm regard independ oxeno relev deliveri part intern group deliveri part merchant market largest supplier joint ventur swedish firm perstorp sale kt market share supplier market share quot import quot includ import eea countri import import polish firm zakladi butanol russian czech produc sold dealer eea parti rightli point seri effect suggest futur market share joint ventur significantli lower correct incorpor tabl column suppli joint ventur ad merchant market mean figur oxeno deliveri volum market increas kt gener increas combin market share effect opposit achiev quot ineo effect quot stem fact ineo longer belong bp intern deliveri bp group butyr acet plant antwerp part merchant market increas volum market bp share kt substanti increas bp market share make joint ventur largest competitor final entri oper sasol butanol plant south africa butanol tank marl factor thing sasol meet marl butanol import south africa purpos sasol termin contract oxeno cut oxeno sale market sasol effect sasol suppli custom eea sasol effect depend larg sasol sale firm proport account sale parti combin market share slightli slightli calcul underli tabl assum sasol succe sell product brunsbüttel facil kt butanol kt parti parti put figur higher parti argu lost signific custom joint ventur market share fall loss custom make minor dent combin market share assess effect account purpos assess futur jv market power quot sasol effect quot consider signific result reduct market share convers assess impact effect rememb equal own joint ventur firm degussa group firm assum relev custom jointli control degussa therefor appar reason treat relev deliveri deliveri free market sale volum basi calcul market share thing fuller document quantiti sold turnov price differ reflect fluctuat commod price price base market power rest market share calcul sale volum turnov differ wide parti admittedli larg combin market share larg competitor perstorp bp joint ventur structur advantag european supplier product facil advantag event plan unplan product stoppag assum parti subject suffici competit pressur supplier primarili perstorp basf supplier market share make substanti smaller joint ventur larg joint ventur ignor perstorp tank hamburg german custom suppli mean easier perstorp german supplier deliv custom germani bp obtain butanol oxochimi joint ventur atofina past firm virtual butanol product group bp sold butyl acet plant antwerp ineo deliveri regard free market bp suppli contract ineo time contract run bp altern supplier potenti custom activ small mean neglig sale spot market supplier basf atofina zakladi sasol exert competit pressur admittedli competitor circumst suggest competit pressur great basf market share custom express opinion result extens intern demand polici produc final product limit number input product basf suppli market full altern atofina activ market franc itali atofina competit pressur limit oper full capac zakladi eea market potenti custom regard altern busi difficulti enjoi full freedom busi action custom report zakladi reluct enter long term contract sourc competit pressur sasol produc south africa coal mine petroleum raw materi manufactur precursor propylen cost structur supplier sasol build larg tank marl chemsit suppli custom germani benelux countri econom sasol limit neglig quantiti brunsbüttel facil produc long chain alcohol butanol come product lastli parti refer import czech republ russia sold eea dealer competit pressur albeit strong firm oper spot market countervail power demand side potenti custom exert competit pressur parti butanol custom includ major firm perfectli familiar market situat price factor capabl exert demand side power instanc celanes custom largest account turnov situat similar oxeno largest custom account turnov ten largest largest custom exert degre countervail demand side power oper multi vendor strategi avoid depend supplier competit pressur brought bear fact custom cover part total demand supplier assum buyer exert degre demand side power make difficult joint ventur exercis market power unlik posit butyr aldehyd substanti quantiti butanol sold free market perstorp quot captiv quot butanol sell entir product merchant market argu major potenti custom exercis demand side influenc supplier depend sale free market outcom singl eea wide market butanol posit reason fear domin posit creat result merger eea market butanol restrict effect competit common market competit assess assum separ market iso butanol assum separ market iso butanol market structur condit competit market butanol broadli correspond forego analysi market butanol gener clear fact butanol account sixth merchant market butanol parti market share butanol slightli higher butanol commiss investig reveal volum market roughli kt kt kt kt year parti market share figur higher butanol gener parti combin market share market share butanol gener market share butanol slightli lower slightli higher butanol market share fact butanol market share slightli higher butanol gener analysi butanol market appli likewis parti combin market share doubl share nearest competitor perstorp sasol effect admittedli power case singl market butanol gener bear mind effect mention amp ineo sasol sasol market total kt parti combin market share main competitor perstorp bp parti market posit stronger assumpt aggreg market butanol assess competit term remain assum singl eea wide market iso butanol likewis reason merger creat strengthen domin posit volum market kt eur million parti combin market share competitor factor effect bring parti market share basf adequ free capac exert real competit pressur capac largest competitor atofina limit repres share price rise substanti atofina divert product consum intern merchant market smaller supplier bp zakladi perstorp futur sasol exert measur competit pressur commiss conclud merger compat common market relat market market butanol demarc ethyl hexanol eh relev product market eh downstream product butyr aldehyd produc aldolis butyr aldehyd downstream catalyt hydrat subsequ distil eh oxo alcohol intermedi product produc plasticis dioctylphthal dop dioctyladip doa appli pvc synthet fabric solvent ethylacryl applic paint varnish diesel addit ethylhexylnitr lubric eea eh purpos distribut pvc plasticis diesel addit cetan improv solvent lubric addit applic alcohol plasticis produc pvc plasticis eh technic substitut polyalcohol chemic econom handbook eh applic pvc plasticis replac polyalcohol eh applic diesel addit solvent lubric substitut product outcom eh technic substitut approxim applic admittedli result differ process featur replac eh polyalcohol requir formul reorganis product polyalcohol eh substitut manufactur plasticis iso nonylalcohol ina iso decylalcohol ida propylheptanol import ina plasticis di isononylphthal dinp produc dinp import compet product plasticis dop made eh price precursor ina behav differ eh annual averag price ina rose sharpli slacken degussa capac hit market ici lor contrast eh price fell rose comparison price charg degussa largest ina produc eea larger supplier eea period show ina cheaper expens eh eh partli substitut convers cost consider ina price behav differ assum purpos decis eh distinct relev product market relev geograph market relev product market parti merger proce basi eea wide geograph market bulk product concern product state offer substanti supplier eea wide basi player market opinion narrow nation region market eh primarili account transport cost market analysi reveal market share celanes degussa competitor busi eea differ individu eea state consider unlik posit butyr aldehyd clear demarc market eh basi produc home countri countri product germani franc countri eh produc import account swedish firm perstorp oxo domin eh supplier sweden main reason level demand sweden tonn minim incent competitor busi eh carri mean transport road sea rail tanker barrel transport cost low suppli distant custom eea supplier atofina storag tank eea degussa rotterdam west thurrock basf eh storag tank tarragona swedish produc perstorp eh storag tank eu hamburg rotterdam teessid gb storag tank perstorp achiev market share region polish firm zakladi storag tank antwerp relev geograph market eh eea compat merger common market result merger number signific supplier eea fall jv market share celanes degussa competitor atofina bp perstorp basf share zakladi tabl market share eh gt tabl gt inform provid parti quot quot supplier account market addit sale bp list parti independ supplier import firm russia romania oltchim dealer eea commiss verifi figur answer question put dealer custom reveal figur quot parti high recent year import russia romania ran kt annual parti market share constantli fell jv larg nearest competitor atofina perstorp basf market share shrunk recent year year player market basf withdraw altogeth basf deni basf polish firm zakladi classifi quot ran quot tabl capac product eh gt tabl gt jv largest capac market account half aggreg eea capac good kt free capac largest market serv entir merchant market parti opinion high market share capac threat competit parent compani market share slip steadili gener contract market celanes maintain market share degussa market share fell recent year degussa steadili cut eh product reason li strateg decis year ago withdraw downstream market dop bulk eh produc need produc dinp dop product fallen recent year kt kt declin intern consumpt eh kt kt degussa declar abandon eh product marl notifi joint ventur set decis back number signific supplier eea fall joint ventur part eh product facil hydrat plant refit butanol product transfer jv eh product concentr oberhausen result kt eh product capac market correspond quarter aggreg capac eea jv largest capac eea sharpli reduc free capac reason commiss opinion propos merger creat domin posit joint ventur suppli eh eea dop relev market dioctyl phthalat dop diethyl hexylphthal dehp deriv eh chemic phtalat group produc esteris alcohol case eh phthalic anhydrid psa standard plasticis synthet materi pvc addit plasticis dop small scale bond agent varnish glue dilut pigment dop bulk product produc compar quantiti distinct made technic qualiti food qualiti manufactur food qualiti distil stage need recent year dop attract attent toxic reproduct skull symbol demand fallen applic pvc plasticis dop plasticis manufactur toi primari pvc plasticis dop replac plasticis made polyalcohol includ phtalat di isononylphthal dinp polyalcohol deriv isononylalcohol phtalat di isodecylphthal didp isodecylalcohol deriv dibutylphthal dbp di isobutylphthal dibp butanol deriv import substitut product dinp dinp technic econom close substitut standard plasticis dop price trend product parallel close year dop expens dinp year opposit appli trend influenc primarili trend price precursor ina margin fluctuat gener narrow case comp basf eurodiol pantochim distinct made short chain phtalat standard phtalat basi polyalcohol present case object distinct market dop parti argu dop dinp pvc plasticis jv domin posit event relev geograph market case basf eurodiol pantochim commiss made competit assess basi eea market left open question relev geograph market phthalat dop belong eea includ eastern europ investig present case shown eea market competitor repres product facil european market suppli eea polish firm zakladi tank antwerp deliv dealer purpos decis eea market assum assess competit term jv market share celanes degussa competitor basf atofina perstorp lonza zakladi cepsa bp abandon dop product tabl market share dop gt tabl gt size market share appear risk domin posit creat abandon product precursor eh degussa abandon product dop jv form degussa transfer residu clientel jv celanes produc high grade plasticis degussa produc minimum amount dbp dibp domin posit dinp dop replac virtual pvc plasticis applic dinp unlik dop dinp classifi toxic reproduct sale expand steadili recent year eea produc dinp degussa basf exxon mobil growth market degussa rais market share year basf exxonmobil roughli equal share rest dop dinp assum part product market degussa jv combin market share basf background object competit ground plan joint ventur celanes degussa relat eea market dop combin dop dinp plasticis market butyl acet relev product market butyl acet deriv butanol esterifi acet acid butanol solvent varnish kit cosolv low solvent varnish high solid concentr dissolv substanc fat oil cellulos nitrat natur synthet resin substitut product replac butyl acet circumst view specif applic parti relev product market extend product butyl acet butyl acet occur isom butyl acet iso butyl acet unlik case butyr aldehyd commiss inclin accept idea singl market reactor produc iso butyl acet produc batch plant specif period produc isom clean produc point view degre flexibl unclear isom product market part singl product market competit assess make signific distinct butanol lion share free market iso butyl acet account make differ assess singl market butyl acet assum butyl acet consider merger competit implic market iso butyl acet relev geograph market parti market butyl acet cover eea oper question endors view butyl acet obtain oversea celanes sell product produc plant europ assum market cover eea purpos assess competit term rememb import eea countri signific compat common market side contribut parti assign trade butyl acet jv oxeno parti view contribut jv side competit assess add market share establish practic commiss articl ec treati appli provis competit relationship full function cooper joint ventur parent compani refer articl merger regul commiss notic juli restrict directli relat concentr recit commiss assum competit full function cooper joint ventur parent compani protect articl assum jv parent compani form competit unit competit claus automat remov field applic articl ec treati exempt made restrict competit group notic simpli state restrict competit elig exempt exempt limit period time present case competit agreement jv celanes conclud assum celanes jv continu compet market butyl acet carboxyl acid merger conclus amount impli parti infring articl ec treati situat viho commiss parent compani subsidiari form econom unit manag unifi basi legal interpret compel purpos decis settl issu merger compat common market celanes jv regard singl busi unit competit assess assum market butyl acet cover eea assum market butyl acet eea distinct made butyl acet iso butyl acet reason assum merger creat domin posit commiss calcul market volum kt line parti estim make calcul attribut quot supplier quot supplier parti basf bp ineo cepsa sale kt establish market volum kt kt year market take celanes joint ventur eoc singl busi entiti merger reduc number major supplier eea sale kt degussa kt celanes includ celanes usa parti market share turnov figur euro sum market share slightli lower parti market share greater largest supplier basf ineo market share remaind market spanish supplier cepsa busi spain portug lesser extent franc import eea signific american firm dow eastman import poland russia market share parti competitor remain constant year slight increas parti total market share commiss calcul parti total market share lower figur lower level parti larg combin market share substanti gap nearest competitor merger expect creat domin posit larger competitor ineo basf market share exert competit pressur control room manoeuvr celanes jv addit supplier exert tangibl competit pressur recent past american produc import substanti quantiti europ price butyl acet rise supra competit level firm enter eea market larger scale fact import america europ realist busi proposit celanes take market share import unit state remain supplier eea countri achiev market share absenc spare capac argument possibl competit pressur firm true europ capac close fulli utilis basf spare capac easili step product ineo capac extens utilis ineo produc butyl acet iso butyl acet iso propylacet batch plant ineo confirm addit quantiti butyl acet produc lengthen product batch frequent changeov take dai clean sale european market expand export eea countri divert eea market parti add capac extens technic easi financi inexpens make compani question commiss confirm technolog requisit extra facil expens doubt profit invest manufactur butyl acet firm vertic integr product acetyl acid butanol lastli reason merger creat collect domin posit merger parti bp ineo larg market share reason expect tacit coordin market share differ wide cost structur diverg substanti differ size number locat product facil make precursor acetyl acid butanol parti celanes jv singl entiti product facil europ unit state addit celanes market leader acetyl acid parti describ celanes butyl acet busi quot acetyl acid led quot unlik oxeno busi quot butanol led quot basf integr busi ineo bui butanol produc butyl acid competit assess assum separ market butyl acet iso butyl acet base competit assess separ market butyl acet isom significantli alter outcom case sum total market share larger market butyl acet slightli greater singl market basi notabl chang market structur consider bp ineo significantli stronger posit smaller market iso butyl acet compani market share remain smaller sum parti market share suffici signific commiss assum domin posit creat market decid object merger competit term european market market butyl acet carbon acid relev product market carbon acid gener made oxid aldehyd butyr aldehyd carbon acid chain length specif raw materi olefin natur occur substanc carbon acid applic metal carboxyl salt varnish input product chloric acid organ peroxyd peroxydest polyolest product synthet lubric lubric addit ester plasticis safeti glass pane basic materi flavour fragranc industri catalyst pharma chemic uv stabilis plant protect substanc jv expect produc carbon acid ethylhexan acid eh säure butyr acid trimethylhexan acid tmh eh acid butyr acid downstream product butyr aldehyd tmh produc oxid trimethylhexan carbon acid produc multi purpos facil singl plant produc carbon acid depend aldehyd part mutual substitut suppli demand side commiss proceed assumpt singl market carbon acid purpos decis relev geograph market basic carbon acid transport safe market cross border busi eea cross border demand carbon acid evid substanti import eea export eea limit scale commiss proceed assumpt eea market purpos decis compat common market supplier carbon acid offer full rang carbon acid carbon acid produc multi purpos facil demand difficult estim capac competitor carbon acid produc demand depend avail aldehyd individu supplier market volum market share fluctuat celanes contribut carbon acid product jv continu special chemic divis celanes produc ten carbon acid overlap jv product butyr acid ethylhexan acid parti inform combin market share perstorp oxo market leader market share basf exxonmobil figur broadli confirm market investig princip competitor product precursor butyr aldehyd exxonmobil case olefin heptan nonan domin posit expect creat strengthen vertic relev market merger affect seri market vertic term market butylamin ethylhexacryl butyl acryl butylamin butylamin deriv butanol intermedi product manufactur plant protect substanc sealant specialti plasticis polyamid synthet addit product specif applic lack substitut butylamin individu product market cross border busi product import eea unknown assum butylamin market eea wide butylamin market affect merger vertic term celanes degussa busi estim celanes market share parti import competitor basf atofina basf strong posit celanes domin merger rais object relat butylamin market celanes domin competitor obtain butanol product depend deliveri parti jv neg effect fear ethylhexyl acrylat ethylhexyl acryl eh acrylat downstream product eh product fertilis sealant press adhes paint textil paper coat distinct product market geograph market includ entir eea barrier trade small quantiti import asia market vertic affect merger celanes busi oxeno celanes estim market share parti inform main competitor basf atofina market share order magnitud neg effect fear merger basf atofina obtain input materi eh acrylat product depend deliveri celanes jv domin posit eh neg effect fear butyl acryl butyl acryl downstream product butanol solvent base enamel latex paint adhes sealant textil paper coat specif applic distinct product market cross border trade butyl acryl barrier trade eea import eea run low level assum relev geograph market eea celanes oxeno activ butyl acryl busi celanes declar market leader market share basf atofina main competitor compar market share merger noteworthi effect market competitor obtain butanol need butyl acryl product product domin posit expect creat strengthen market adopt decis articl notifi oper celanes ag degussa ag acquir joint control mean articl regul eec joint ventur european oxo chemic gmbh declar compat common market eea agreement articl decis address celanes ag frankfurt straße kronberg im taunu oxeno olefinchemi gmbh paul baumann straße marl brussel june commiss mario monti member commiss oj corrigendum oj oj oj oj part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk oj formula base fact tonn tonn propylen need produc tonn butyr aldehyd larg custom report supplier case number supplier perstorp purchas nest acquisit bui butyr aldehyd supplier nest acquisit compani produc butyr aldehyd quot perstorp quot sale previous made perstorp intern sale case comp basf eurodiol pantochim juli point case comp basf eurodiol pantochim juli point case ecr case intermedi stage requir