commiss decis februari declar concentr compat common market case comp totalfina elf council regul eec notifi document number french 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 octob initi proceed case undertak concern opportun make view object rais commiss regard opinion advisori committe concentr august european commiss notifi accord articl regul eec plan merger totalfina acquir full control mean articl council regul eec elf aquitain public takeov bid announc juli parti transact totalfina public limit compani form french law busi product petroleum ga refin distribut petroleum product petrochem special chemic busi worldwid elf aquitain public limit compani form french law busi product petroleum ga refin distribut petroleum product petrochem special chemic health care busi worldwid ii concentr concentr consist public bid totalfina share elf aquitain held public concentr acquisit full control mean articl regul iii commun dimens firm concern aggreg worldwid turnov eur million total eur million elf eur million turnov commun eur million gener third turnov singl member state transact commun dimens iv procedur septemb totalfina file propos commit stage procedur articl deadlin proceed extend provid regul commit found adequ precis allai doubt rais notifi transact octob totalfina file propos commit pursuant articl commit found precis natur allai doubt rais notifi transact septemb french author file request partial referr pursuant articl merger control regul request concern market consid local market finish petroleum product storag facil fuel sale motorwai network suppli lpg canist retail commiss refer french author decis novemb aspect case relat provis hub depot servic area northern southern pari region lyon port la nouvel proven address treatment concern list referr request statement object cover precis storag petroleum product region nant saint nazair havr motor fuel sale motorwai sale lpg french author withdrawn request referr februari element commiss posit novemb statement object totalfina repli decemb totamfina request hold hear definit relev market competit analysi introduct refin sale refin product demand french petroleum consumpt million annum petrol diesel million annum domest heat oil dho rise rate approxim fuel dho lpg product suppli channel logist chain refineri franc import regroup quot refin centr quot étang de berr marseil lower sein normandi largest refineri franc concentr number individu refineri dunkirk dong nant region grandpuit pari region feyzin lyon region reichstett alsac elf totalfina refineri pari lyon nant region elf dunkirk sein vallei étang de berr totalfina shell esso bp mobil sein vallei étang de berr refineri reichstett alsac own shell totalfina elf franc petroleum product import infrastructur capabl import store greater volum stock import product gener purchas north sea mediterranean cargo market basi quotat platt franc net import diesel net export petrol import product unload import depot import depot refineri sourc refin product connect bulk transport facil pipelin train barg make suppli refin product franc product sold hub depot smaller import depot product transport form lorri retail outlet servic station import depot refineri local suppli purpos pipelin system franc trapil pipelin system held compani fed sein vallei refineri le havr import depot control compagni industriel maritim cim rouen import depot control compagni parisienn de asphalt cpa bass sein suppli pari orléan tour caen region trapil suppli refin product dong melun metz dmm pipelin transport east franc spmr pipelin fed refineri étang de berr esso bp mobil shell totalfina feyzin refineri elf lyon region depot pétrolier de fo dp fo import depot link refineri lyon region french riviera alpin branch switzerland dmm pipelin fed dong refineri elf dong import depot own sfdm control elf recit grandpuit refineri dmm connect trapil levesvil champeaux connect carri product pari region flow refin product west east arriv point depot le man saint gervai la ferté allai sfdm grandpuit elf refineri depot châlon sur marn saint baussant connect common defenc organis odc pipelin odc pipelin belong nato manag trapil odc pipelin configur outdat part pipelin feed strasbourg modernis run closur reichstett refineri optimis outlet dunkirk normandi refineri totalfina invest upgrad part link dunkirk cambrai pump equip pump station totalfina refineri dunkirk exclus user right refin product transport pipelin occasion barg train store hub depot deliv retail final consum quot logist chain quot mean success distribut stage refineri retail sale refin product network channel ship cost refin product sold franc french refineri rest export import larg capac bulk carrier fuel finish product produc refineri brought produc integr retail network sold wholesal wholesal sale retail dealer major final custom swap refin wholesal retail prefer obtain suppli refin product local depot refineri earlier decis commiss defin market relat suppli refin product wholesal retail stage defin market retail sale fuel petrol diesel gener motorwai retail sale domest heat oil motorwai fuel sale transact directli chang competit situat retail market account pressur exert supermarket year supermarket accumul combin market share totalfina combin market share durabl competit presenc retail market refin product gener heavili depend avail logist suppli infrastructur supermarket import competitor retail sale fuel sought gain access stage logist chain import depot pipelin hub depot posit choos option obtain local deliveri refin arrang transport product hub depot closest custom servic station obtain product intern market import depot french refineri case arrang transport lorri servic station suppli close refineri import depot pipelin local storag hub depot supermarket develop maintain presenc retail fuel market choic competit refin largest totalfina elf notifi transact end rivalri totalfina elf rais problem competit stage logist chain wholesal market petrol diesel domest heat oil refer market product market quot wholesal market quot mean market suppli fuel retail supermarket integr upstream major final user transport firm seller wholesal market includ refin dealer loui dreyfu cargil practic custom bui product hub depot refin transit contract parti depot hold custom bui product refineri import depot suppli network servic station sourc case refineri import depot hub depot negoti bulk purchas import ship storag import depot case access larg scale transport infrastructur import depot refineri access hub depot vital issu capac rental transit refin hire capac ordinari contract basi site wholesal sale refin product question lead unlead petrol diesel fuel domest heat oil constitut separ relev market distinct wholesal market product product substitut term demand suppli substitut depend adjust refineri turn depend paramet distinguish categori custom defin relev market price differenti major final user custom retail wholesal stage advantag arbitrag possibl suppli major final user price differ profit wholesal market wholesal market vital import mainten competit retail market competit capac integr retail depend capac obtain suppli term integr retail geograph market geograph market wholesal sale heavili depend physic geographi logist chain franc infrastructur constraint transport refin product pipelin wholesal market region volum final product bought refineri import depot commonli consum refineri depot transport seller pipelin mean transport hub depot suppli nearbi network servic station hub depot suppli point product sale negoti local region nation french logist infrastructur distinct geograph zone distinguish wholesal market southern zone provenc midi pyréné product suppli spmr pipelin suppli refineri berr maritim import fo ii eastern zone suppli chiefli reichstett refineri totalfina refineri mardyck dunkirk odc pipelin elf refineri dong dmm pipelin barg navig rhine iii northern zone suppli chiefli totalfina refineri mardyck depot felui belgium connect privat pipelin totalfina refineri antwerp coastal import depot iv normandi zone pari region suppli chiefli lower sein refineri totalfina shell esso bp import depot trapil lhp pipelin elf refineri grandpuit western central zone suppli elf refineri dong dmm pipelin maritim import atlant port vi rhône burgundi zone suppli elf refineri feyzin lyon spmr pipelin form étang de berr refineri totalfina consid geograph dimens wholesal market nation argu thing major flow refin product region notic price differ zone suppli point refineri depot suppli hinterland radiu depend cost transport product final destin hinterland overlap term demand impact uniform condit competit geograph market consid purpos competit analysi cover intersect hinterland totalfina proce thing basi exist flow product region explain relev market region reichstett refineri adjust price light refineri price dunkirk dong feyzin fo factor transport cost flow due exist pipelin cross region make busi relev market presuppos depot overlap depot hinterland appar geograph limit suffic ground conclus uniform price increas region zone profit account substitut suppli neighbour region examin geographi logist region identifi bunch depot group pipelin concentr major conurb hinterland bunch overlap appear place suppli demand analys gener confin region territori boundari region previous defin totalfina explain margin differ wholesal price charg region identifi emphasis wholesal price combin platt price quotat cargo load cost transport storag cost fraction platt price explain low differ region platt price refin product north sea price mediterranean price likewis totalfina charg intern price wholesal sale base region defin refer french refin centr consider evid support view geograph market region dimens exclud geograph market nation scope data gather commiss show bulk sale wholesal market suppli refineri import depot main player market nation presenc supermarket issu nation invit tender volum refin product deliv place refin regularli submit daili tender supermarket basi price calcul refer platt quotat quotat refin product intern market transport cost depend place deliveri margin refin definit relev geograph market left open modifi competit analysi substanti part common market zone identifi geograph dimens natur relev product partli account import constitut substanti part common market assess current state competit descript region zone totalfina elf occupi symmetr complementari posit french market equilibrium relationship conduc rivalri group motiv forc competit french fuel market totalfina totalfina elf account quantiti petrol wholesal market petrol market tradition net export combin entiti account quantiti diesel wholesal market market tradition net import tabl estim market share calcul commiss basi inform gather market survei gt tabl gt sourc form repli commiss questionnair demand side featur wholesal fuel market emerg supermarket past fifteen year supermarket state small presenc retail market domest heat oil lpg reason commiss elf totalfina hitherto suppli supermarket limit quantiti product demand side independ retail mention includ bolloré dyneff avia thévenin ducrot picoti bolloré present wholesal retail market dho dyneff network servic station southern franc avia joint logo share number independ retail europ effect merger totalfina plan acquir elf threaten factor competit wholesal market competit retail market merger enabl totalfina elf control stage fuel distribut logist chain elimin rivalri refin make entiti unavoid part life player wholesal market competitor refin custom retail combin refin posit decis presenc distribut chain gener bottleneck make difficult expens integr oper supermarket independ gain access product suppli control suppli sourc merger totalfina elf control french refin capac refin capac franc gt tabl gt sourc totalfina totalfina elf control capac term import depot figur underestim totalfina real control presuppos bp control frontignan depot consider capac paper depot exert real competit pressur market commiss market survei suggest depot viabl french competit author establish frontignan low throughput rate regard competit frontignan factor total capac control totalfina elf rise calcul percentag includ capac depot totalfina elf exert total joint control figur measur capac control totalfina elf term suppli sourc refineri import depot region percentag repres totalfina elf share suppli sourc total capac refineri region gt tabl gt sourc form import depot franc control outsid cpa dunkirk north rouen normandi pari region cpa stockbrest west centr picoti la pallic west centr shell pauillac west centr epg ambè west centr mobil frontignan south point totalfina elf hold block minor cpa right refus storag capac shell pauillac ship unload intermedi storag termin lorri load facil product dpa ambè depot control totalfina elf lorri load oper carri epg ambè suffer structur problem depot small satisfi demand badli locat alsac region import depot basic perform function region quot coastal quot hub depot recept capac confin small barg depend fluctuat rhine trade picoti la pallic depot exert fulli independ competit pressur import refin product recent totalfina conclud rental agreement depot environment rule regul econom constraint construct import depot virtual imposs extens import depot order adapt capac area remedi problem satur import depot effect capac depend made unload quai import depot consid satur unload quai time current situat remain futur totalfina elf competitor own fairli small proport import depot due presenc minor sharehold number import depot repli statement object totalfina explain remain refin present franc capac import depot oper independ group substanti amount product make cover network market custom make exercis market power part totalfina elf unprofit commiss point totalfina calcul show import flaw analysi calcul perform total overestim import capac refin product base assess theoret product flow physic limit import termin commiss contest rotat ratio import termin reach theoret level rotat ratio parti fact import termin rotat level time year except termin strasbourg mulhous rotat level close increas capac fact number termin consid close satur basi conclud rotat level reach theoret level totalfina base calcul averag franc product unlead unlead diesel domest heat oil sold wholesal market french market structur import market diesel domest heat oil distil hand french market structur export petrol final assum market region underlin figur averag french territori situat region difficult avail import volum prevent totalfina elf act independ market import termin receiv time amount product present question remain region depot suppli termin connect pipelin mean bulk transport region suppli limit radiu km adjust effect capac figur import termin coverag french demand wholesal market compet refin independ import depot fall totalfina elf unavoid sourc suppli french market suppli approxim totalfina elf increas price risk lose wholesal sale loss turnov offset increas margin rival integr retail market level necessarili suppli cost increas lead competit posit refin retail level control logist chain pipelin totalfina elf control manag major pipelin serv franc trapil dmm spmr chief user northern odc pipelin link north eastern region franc privat oper pump instal control access import depot pipelin total refineri dunkirk merg entiti control depot situat strasbourg direct access southern odc pipelin mediterranean strasbourg control pipelin make indirectli control storag facil fed pipelin term qualiti servic quota manag prioriti transport specif product confidenti busi deal access sensit inform competitor busi traffic wholesal market scale charg pipelin larg scale user privileg posit bulk discount arrang pipelin satur quantiti alloc light past rate strengthen statu quo totalfin explain major hold main french pipelin give market power rule govern french pipelin ownership capit guarante privileg access scale charg public domain transpar discriminatori oper subject review govern commission sit board pipelin compani exist nation rule regul ensur infrastructur strateg import public interest releas commiss commun law oblig avert emerg domin posit true rule regul appli gener design enforc competit rule consider appli french govern commission review review focus competit law extend straight control price quantiti leav pipelin oper suffici margin manoeeuvr exercis market power potenti anti competit decis compani manag pipelin affect wholesal market pipelin transport market refin product necessarili board level refer made opinion french competit council action brought trapil appoint sfdm manag dmm competit council relev rule regul presenc govern commission basi exclud risk competit problem emerg commiss consid likewis mere presenc govern commission basi exclud risk domin posit crate reinforc parti consult commiss rule regul govern busi pipelin manag offer adequ assur set price capac utilis pipelin system totalfina elf time control sharehold largest custom custom totalfin elf pipelin busi weapon destabilis retail busi destabilis easili form decis rais price wholesal custom custom oppos hub depot storag logist totalfina elf signific hold french import depot kei depot suppli countri merg entiti control larg proport inland hub depot coastal depot gt tabl gt calcul share capac hub depot control totalfina elf includ inland hub depot coastal depot import depot link bulk transport facil depot buffer function regul flow pipelin vienn depot left equat north total totalfina procedur undertook divest hold depot dpc st pol ep valencienn fina busi region addit elf remain sharehold ep valencienn cancel effect remedi accept commiss time total petrofina case entiti control felui depot belgium pipelin link totalfina refineri antwerp result commiss investig inform notif show parti control storag capciti direct control geograph subset consist le havr sein vallei pari region totalfina elf hold share ten depot pari region fifteen largest depot fina depot nanterr elf antar depot gennevilli north pari cim depot grigni control elf south clientel depot consist larg supermarket brand domest heat oil distributor depot balanc storag capac petrol diesel heat oil mean independ distributor multiproduct lorri possibl hire space depot totalfina elf major hold depot belong totalfina elf parti access requisit flexibl simpli volum capac entiti account hub storag capac direct control normandi pari region west centr region brittani nant tour orléan entiti control vern depot extens dong refineri enabl elf enjoi heavi influenc nant region central brittani shipment sea enabl elf suppli depot brest la rochel bordeaux le man lorient area liabl monopoli merger orléan totalfina elf control depot ep hold shell esso depot tour entiti enjoi strong presenc depot st pierr de corp ccmp satur entiti control hub storag capac south south west midi pyréné entiti control major hub depot includ toulous depot south south west highli satur sharehold busi eppa puget sur argen regularli stock account spmr busi worri entiti hub storag capac direct control southern region lyon region entiti control largest depot lyon epl depot advantag depot riversid load facil access barg elf feyzin depot elf major sharehold make largest capac parti region saint priest depot totalfina major sharehold epl expect depot open polici hitherto totalfina close depot parti saint priest depot cpa totalfina elf signific hold depot face greatest demand region regard satur extens capac highest throughput rate franc view limit access lorri load infrastructur depot vienn shell esso totalfina spmr substitut epl saint priest lorri load facil depot fact spmr suppli termin depot bp clermont small meet rise demand deal singl product independ distributor multiproduct lorri suppli sale outlet posit epl depot sizeabl capac capac totalfina elf captur futur growth wholesal market lyon entiti hub storag capac direct control rhône burgundi region strasbourg region combin entiti control import depot gp hold se bottleneck exist form se connect odc pipelin gp depot control totalfina elf entiti control storag capac eastern region except featur oil industri franc logist facil control integr oil firm depot built futur account environment constraint urban sprawl prompt closur exist facil notabl pari region unlik commun countri germani unit kingdom specialis storag compani rare franc oper oiltank van ommeren pakho modest market share vtg withdrawn market storag compani expand moment cpa merger capit control totalfina elf power restrict develop cpa limit room manoeuvr sum totalfina elf substanti control import transport avail refin product franc compet refin logist depend totalfina elf market posit firm concern post merger base distribut region identifi posit network sale product region gt tabl gt sourc repli commiss questionnair compet refin potenti benefit shift demand respons price rise wholesal market initi totalfina elf suffici hub depot suppli countri distribut product trapil dmm spmr pipelin control totalfina elf totalfina drawn commiss attent fact proport product obtain competitor refineri franc sold retail market competitor higher proport product refin totalfina elf network servic station refin reserv limit number depot control depot limit capac made user compet refin state totalfina elf rais price suppli addit volum region excess resourc notabl lower sein berr marseil region short categori product petrol distil offer resourc bui compet refin cargo market north western europ mediterranean capac import addit volum depend infrastructur receiv deliveri point compet refin state storag capac lower depot oper totalfina elf compet refin minor hold mean access addit capac exxon jointli own depot franc totalfina elf exxon respons totalfina elf decid larg scale rationalis totalfina explain spearhead movement open logist capac refin retail accept case end rivalri totalfina elf remov incent logist system open case depot jointli own refin quot common quot depot includ totalfina elf approv requir access open outsid long oper competit interest agre give outsid supermarket access depot share refin access depot totalfina hold refus supermarket turn compet elf depot event suppli network servic station incent disappear totalfina elf face suffici substanti competit depot totalfina elf oper aggreg surplu capac storag network event depot control totalfina open parti repli statement object elf state commiss account degre open import depot held compet refin refin transit agreement parti major depot involv case capac rent compani bui product impact degre competit wholesal market open depot meaning exercis pipelin suppli access market condit necessarili case totalfina elf control pipelin merger compet refin interest serv spark confront totalfina elf price rise tend follow polici totalfina elf price rise wholesal market exclus integr retail conclus unavoid part life totalfina elf refineri locat major region identifi enabl entiti deliv franc mean compet refin hand oper nation bp mobil esso shell refineri sein vallei étang de berr analysi show swap integr oil firm foremost totalfina elf account suppli higher percentag northern region elf refineri dong nant refin centr south sein vallei spanish border suppli substanti share network servic station refin vast region bp mobil esso shell wish continu suppli network franc inevit totalfina elf import refin product transport obtain refineri totalfina elf suffici countri end swap agreement refin impos term kind disequilibrium refin addit strong posit import depot product centr countri affect competit industri transport cost uniform product swap produc widespread practic effect situat substanti increas totalfina elf share wholesal market totalfina elf engag swap increas refin capac region compet refin logist close match gener logist capac sell franc convers totalfina elf nationwid logist facil capabl sell product previous swap refin region entiti longer seek swap notabl southern atlant seaboard western part mediterranean totalfina explain end swap agreement refin oper franc expos risk repris member state note totalfina elf lead european refin refineri unit kingdom germani netherland belgium spain refin exert pressur totalfina elf countri suffici domin posit exxon mobil bp shell hold predomin posit nation market case totalfina elf franc refin market power retaliatori action totalfina elf common behaviour totalfina elf effici interest market posit held member state vari consider refin present europ present franc texaco conoco philip entiti totalfina elf assur obtain suppli europ irrespect conduct franc retail market refin interest broadli coincid totalfina elf vi vi supermarket supermarket exert strong competit pressur refin lower cost price align refin respons price increas initi totalfina elf counterbalanc import fall back posit lead increas profit refin market vulner refin retaliatori capabl franc exist converg interest increas margin retail wholesal market impli ration behaviour competitor refin follow totalfina elf demand analysi insuffici demand side constraint forego event decis totalfina elf rais price interest refin follow suit compet refin protect retail competitor supermarket fuel independ dho abus totalfina elf strong market posit wholesal price refin product rais vertic integr increas wholesal price limit impact cost rais cost integr competitor integr retail partial access logist chain hold depot carfuel distriservic siplec petrovex hold depot region commonli depot totalfina elf retain control question remain purchas power independ retail supermarket imped price rise case independ call import directli bui cargo market intern trader supermarket partli integr logist chain suffici storag capac import depot hold pipelin ensur distribut product supermarket custom competitor refin obtain suppli refin compani balanc cover intern trader cargil dreyfu energi mvw société générale energi lagerhaus bolloré totalfina elf posit limit intern trader access infrastructur control picoti la pallic depot immun totalfina elf influenc depot capac theoret throughput rate volum import suffic make wholesal price rise totalfina elf unprofit depot capabl suppli import product small part west centr region region suppos cpa free manag import depot see fit totalfina elf price rise region identifi made unprofit recours import northern region instanc totalfina elf easili make cpa dunkirk financi vulner offer dpc st pol good term normandi pari region depot similar strategi appli cpa rouen depot west centr region cpa stockbrest depot isol suppli limit part brittani picoti la pallic depot serv limit hinterland southern region frontignan depot control totalfina elf totalfina elf easili pose termin threat precari surviv frontignan attract custom depot sète port la nouvel clear totalfina elf capac oust compet import depot competit pressur combin entiti rais charg transit import depot control strong likelihood competitor follow suit reduc potenti competit pressur import wholesal price rise tabl illustr power totalfina elf wholesal price suppos refin oper franc boost sale respons totalfina elf price rise import million tonn need balanc french suppli demand maintain totalfina elf sale present level equival throughput rate import depot mention recit cpa rouen depot pipelin link depot immedi increas throughput compet refin independ logist capac sell product franc enjoi benefit price rise wholesal market retail busi competit gt tabl gt sourc commiss calcul basi inform form retail oppos price rise supermarket pass price rise consum current differenti exce french centim network price tax final retail price invoic retail remain refin price totalfina state merger place wholesal custom includ supermarket posit depend view opportun arbitrag strong posit hold retail market totalfina supermarket account wholesal sale product combin sale petrol whilst true demand concentr sophist make easier demand side avoid obtain suppli totalfina elf supermarket formul independ procur polici obtain requir intern trader logist tool hold control logist chain wholesal level punish select supermarket retail player follow price increas retail sale level conclus post merger totalfina elf obtain masteri major proport suppli sourc logist chain import transport hub depot refin product franc totalfina elf posit rais price invoic buyer wholesal market petrol diesel domest heat oil franc region identifi fear competit custom make price rise unprofit notifi transact result domin posit totalfina elf wholesal market petrol diesel domest heat oil effect substanti hinder competit market market provis storag capac import deport link mean bulk transport refer market product market import depot defin capabl accommod larg capac ship tonn store type petroleum product largest connect mean bulk transport perform role coastal depot hub depot suppli nearbi servic station case import depot link mean bulk transport demand exist suppli import storag capac connect mean bulk transport demand eman oper locat serv mean bulk transport link import depot franc import depot link mean bulk transport gt tabl gt charg servic relat provis import storag capac link mean bulk transport increas import depot option open demand side turn coastal depot larg capac import depot access mean bulk transport lack access mean bulk transport physic limit function substitut depot import storag capac link mean bulk transport coastal depot suit accommod larg capac vessel suppli cost higher market survei reveal transport rate higher tonn barg larg capac vessel tonn capac offer coastal depot expens provid mean bulk transport downstream econom viabl substitut import depot connect mean bulk transport provid servic relat provis import storag capac geograph market recit seq franc logist infrastructur base refineri import depot sourc refin product serv suppli french region pipelin margin train demand servic relat provis import storag capac eman region depot question import depot atlant seabord channel coast link west centr north normandi pari region east region part west centr east region suppli dmm trapil similarli east region suppli trapil odc north dmm possibl demand side choic made import depot link mean bulk transport import depot mediterranean seabord dp fo meet localis demand directli substitut depot dp fo suppli south rhône burgundi region geograph market northern half southern half franc defin geograph market definit left open affect competit analysi substanti part geograph market defin northern zone southern zone nation market constitut substanti part common market ow geograph extent popul role import trade refin product franc member state assess exercis control logist oper quot indispens control oper term qualiti secur suppli commerci flexibl speed reaction crise quot commiss calcul size share capac basi natur control sole joint exercis totalfina elf compani own depot capac block leas sagess deduct oper capac calcul includ frontignan totalfina elf control import storag capac sole jointli region level merger bring situat gt tabl gt totalfina group posit act independ regard alloc storag capac import refin product half infrastructur remain partial control oper independ group suffici market suppli capac satisfi demand case joint control depot totalfina elf conjunct parti question rais notifi parti depot run counter strategi exercis market power part totalfina elf ensu situat deadlock govern bodi structur parti sharehold refin interest align totalfina elf order foreclos access termin refin case parti sharehold refin affect totalfina elf activ block situat storag capac held compet refin present optim refin tend maintain volum strateg storag capac order offset product capac loss temporari structur permit export surplu local product capac distribut interior franc import product region product capac satisfi demand lastli suffici storag capac meet addit demand petrol storag capac domest heat oil diesel significantli smaller concern southern region function dp fo alter sharehold termin totalfina elf independ storag supplier vopak italian refin agip independ retail thévenin ducrot share held capit give access proport volum storag capac rent part storag capac commerci manag rent volum entrust oper termin pre merger sharehold interest put unus capac pool manag oper post merger totalfina elf import sharehold oper totalfina elf posit control capac made parti notifi transact totalfina elf gain control dp fo import depot face margin competit regard import storag south rhône burgundi region competit depot frontignan port la nouvel substanti capac suppli local mean bulk transport state attract frontignan call question market survei northern half franc concern competit totalfina elf market servic relat provis import storag capac link mean bulk transport independ wholesal cpa depot dunkirk rouen brest state earlier entiti hold block minor cpa argument put forward preced paragraph lead conclus transact lead creation domin posit held totalfina elf market conclus totalfina elf corner logist tool store import refin product make difficult costli independ oper gain access market distribut refin petroleum product notifi transact lead creation domin posit market suppli import storag capac connect mean bulk transport market servic relat transport refin product pipelin refer market product market pipelin transport finish petroleum product petrol diesel domest heat oil logist tool collect distribut refin product petroleum oper refin independ supermarket chain independ pipelin system oil depot prerequisit mainten competit environ market distribut fuel main pipelin system gt tabl gt busi transport finish petroleum product gener quot hous quot refin transport finish product import depot refineri storag infrastructur histor refin collect held major share compani oper pipelin refin main user main custom pipelin oper access pipelin open custom refin necessarili sharehold pipelin oper compani supermarket market servic relat transport refin product pipelin form pipelin barg rail transport finish product larg distanc pipelin rank volum transport franc rail barg pipelin cheapest mean transport mean transport disappear region serv pipelin pipelin rail predomin rail specif load facil framework agreement conclud sncf discount deduct agreement make arriv transport cost match cost pipelin practic instanc agreement conclud rare reach dp fo import depot toulous dijon depot suppli rail rail cost averag uncertainti surround schedul durat transport oper infrastructur load unload cost transport rail practic transport pipelin noteworthi develop order suppli region pipelin toulous spmr pipelin satur odc substandard dijon rail exclud form relev market transport lorri form expens usabl distanc km km dens popul area km substitut transport pipelin tabl show cost transport mean handl cost gt tabl gt price differ assess bear mind extrem sensit price variat demand fuel wholesal level price increas averag lead custom loss geograph market reason similar set respect market provis storag capac import depot link mean bulk transport geograph market divid zone cover northern half franc suppli trapil dmm odc cover southern half includ rhône corridor suppli spmr margin odc south assess function pipelin current competit commerci function pipelin tariff flow rate flexibl batch frequenc exploit cycl procedur similar major piplein dmm trapil spmr particip held major pipelin financi natur give quota right transport volum give prioriti right transport petroleum product volum case quota restrict restrict calcul basi volum transport past year concern access pipelin discrimin sharehold parti concern trapil system parti tendenc reli supplier transport product volum trapil appli rebat tranch volum transport averag rebat refin situat rebat volum transport pmr dmm trapil spmr dmm base tariff basi volum transport tonn basi distanc cover basi tariff surcharg ad fuel competit pipelin pipelin market competit conduct level pipelin compet instanc dmm trapil competit place level pipelin refin seller transport servic pipelin compet compani oper pipelin pipelin control larg transport product deliv sharehold strong incent align pipelin compani interest refin effect concentr market provis servic transport petroleum product pipelin northern franc effect competit pipelin trapil trapil major own refin oper lower sein region number integr oper express view pipelin oper primarili meet refin commun interest note pre merger situat major form main sharehold totalfina elf elf establish refin lower sein region incent behaviour differ lower sein refin post merger totalfina control trapil dai dai manag pipelin lower sein refin practic sharehold trapil totalfina elf group leader addit control cim import termin import refineri feed trapil pipelin refin incent collud increas effect competit pipelin dmm elf hold sfdm compani manag dmm pipelin compagni national de navig bolloré energi port autonom de saint nazair entitl appoint member board director chairman board de jure repres elf cast vote pipelin fed elf refineri dong grandpuit elf biggest custom elf control sfdm transit request sharehold parti appar dealt directli sfdm gener sale manag dmm pipelin strateg import elf rout take imaginari line elf refineri dong grandpuit elf atochem petrochem complex carl lorrain dmm enabl elft sell franc signific part surplu product dong refineri reduc export odc odc manag trapil odc pipelin ow outdat configur optimis outlet dunkirk refineri totalfina invest upgrad part link dunkirk cambrai pump equip reason totalfina decis influenc enhanc transact odc north totalfina elf hold capit trapil control determin influenc pipelin function imperfect substitut trapil dmm orléan tour south pari region east franc odc north east franc pari region distribut depot suppli trapil termin la ferté alai suppli dmm dmm pipelin potenti competitor lhp trapil pipelin dmm charg throughput batch flexibl oper cycl frequenc oper procedur similar trapil product transport dmm compet odc northern odc pipelin dunkirk sfdm depot châlon sur marn continu langr strasbourg depot pipelin nomin capac million traffic million increas readili million dmm exert competit pressur trapil similar vein competit council seis ministri econom financi affair deliv opinion septemb view trapil bid run dmm accept lead strengthen domin posit held trapil transport refin product pipelin pari region group totalfina elf account dmm pipelin traffic volum refin capac link dmm trapil pari region competit consider weaken consequ sfdm sharehold refineri control main supplier product pipelin compet dmm trapil odc north conclud notifi concentr lead domin posit totalfin elf market provis servic transport petroleum product pipelin northern franc effect concentr market provis servic transport petroleum product pipelin southern franc effect competit pipelin spmr pipelin control extent totalfina elf merger elf totalfina hold capit trapil control totalfina elf hold result total particip give entiti veto oper manag spmr form control fact decis third major spmr oper entrust trapil indefinit period subject year notic main sharehold trapil spmr drawn plan aim implement synergi order reduc manag cost spmr subject quota restrict reduc volum happen notabl respons occasion satur time heavi demand domest heat oil cold spell light pipelin state repair case alloc volum calcul basi volum transport parti question past year work advantag larg refin main quot histor quot user instal disadvantag supermarket independ totalfina action plan mention suppli disrupt notifi transact spmr control totalfina elf incent align main sharehold transact refin hold share spmr strike compromis object account signific presenc elf etang de berr refineri addit totalfina elf control import termin connect pmr dp fo control access import pipelin predomin posit spmr capit control dai dai manag spmr totalfina elf posit increas price provis refin product transport servic retail effect competit pipelin odc south pipelin poorli section odc south pipelin start etang de berr refineri complex connect dp fo suppli strasbourg modernis shut reichstet refineri mind factual modernis program account competit analysi light notif conclud notifi concentr give totalfina elf signific market power market provis servic transport petroleum product pipelin southern franc basi control spmr establish leader refin resel transport servic spmr control exercis govern commission totalfina argu merger result group oper pipelin detriment market player protect legisl govern transport facil board director trapil dmm spmr meet presenc repres french state power duti ensur gener interest safeguard econom realiti oper subject commiss note market power exercis level discuss director invis govern commission merg entiti total control pipelin transport prevent independ introduc specif product requir brand product transport separ period specif chang franc super lead replac high octan super unlead lastli supervisor function perform govern commission undermin freedom pipelin oper decis suffici room manoeuvr exercis market power commiss unabl sole basi presenc gouvern commission role sanction eventu abus occur creation reinforc domin posit place rule creation strengthen domin posit conclus notifi transact elimin competit pipelin dmm compet margin trapil suppli pari region region le man tour orléan similarli dmm compet odc suppli eastern franc totalfina elf control compani oper trapil dmm reason assum competit pressur henceforth exert pipelin acquisit hold sfdm lower sein refin limit incent dmm oper exert competit pressur main mean transport refin product sein vallei refineri complex notifi transact lead creation domin posit part totalfina elf market transport refin product pipelin northern southern halv franc sale fuel motorwai refer market product market motorwai servic station separ market sale fuel motorwai introduct fuel retail compris sale fuel motorist servic station fuel question petrol diesel demand side substitut product motorist type fuel compat vehicl distribut level product point sale market share type fuel coincid combin market share purpos present case relev product market retail sale channel cover fuel retail categori expresswai franc franchis toll motorwai toll free motorwai perimet urban motorwai trunk road categori run compani busi consist build oper motorwai return allow charg user motorist toll french motorwai own state local author wholli partli privat semi public compani entitl build oper motorwai franchis grant nation local author turn grant franchis fuel retail oper servic station motorwai franchis grant period year grant directli state local author gener year distinct made market sale fuel servic station network servic station situat motorwai distinct view notabl differ competit condit characteris sale fuel categori servic station totalfina consid retail fuel french motorwai constitut market separ distribut fuel motorwai argu consum real choic servic station locat motorwai vehicl rang km compar averag distanc driven motorwai km similarli traffic motorwai constantli renew entri exit averag km motorist option fill motorwai servic station rout factor result motorwai permeabl vi vi motorwai sector low rate utilis motorwai servic station order traffic fall volum sold motorwai franc motorist frequent user section motorwai regularli inform special brochur price differ motorwai servic station servic station price differ point separ market data suppli totalfina price charg motorwai octan unlead petrol higher averag period januari septemb charg motorwai price differ reflect differ averag price market base price invoic totalfina comparison price invoic totalfin motorwai repres price invoic invoic supermarket motorwai contrari averag differ order period comparison averag price motorwai brand averag price motorwai brand show motorwai price higher motorwai price oppos repli statement object totalfina argu commiss base definit separ market price differenti view fact price differ servic station motorwai motorwai servic station averag price charg totalfina refin highest averag price motorwai network higher averag supermarket price higher averag motorwai price lower averag motorwai price brand argument convinc explain decis differ price charg motorwai charg motorwai result condit suppli meet demand comparison price differenti totalfina irrelev sens motorwai geograph continu servic station charg higher price motorwai partli justifi higher cost incur oper due thing oblig pai licenc fee motorwai oper stai open hour dai provid ancillari servic price differ sustain motorwai servic station competit servic station motorwai consum genuin choic altern refuel possibl price singl market price reflect suppli motorwai similarli examin relationship daili weekli price variat motorwai motorwai averag provid totalfina period januari septemb reveal correl bear mind uniform wholesal price distribut activ motorwai price tend adjust quickli fall platt motorwai differ averag pre tax price octan unlead petrol increas centim litr januari centim decemb convers subsequ rise platt accompani reduct differ reach centim septemb final exist import price differenti sale motor fuel motorwai gener sens sale motor fuel motorwai recognis tender document department director equip direct départemental de équipement dde dde licensor grant licens servic station licens motorwai demand fuel motorwai subject factor influenc demand fuel motorwai studi averag consumpt motorwai tabl show ident trend sale fuel place totalfina maintain shift demand motorwai servic station argument invalid mean prove categori servic station competit gt tabl gt repli statement object totalfina provid seri data show argu sale fuel motorwai match rise number kilometr travel motorwai network totalfina explain refer competit supermarket make sale expens motorwai servic station explan take account chang natur motorwai traffic unit consumpt fall share short distanc transit increas demand fuel motorwai respond factor influenc demand fuel motorwai motorist motorwai order benefit faster traffic flow creatur comfort motorwai refuel facil food rest point consequ choic reduc respons fuel price fact pai toll increas reluct lose time search cheaper servic station motorwai determin factor reason distinguish motorwai servic station toll charg reason german competit author conclud past german motorwai subject toll form separ market rest fuel distribut market repli statement object totalfina insist consum exercis free choic decid stop refuel motorwai servic station equal motorwai explain small proport user bui fuel motorwai choic influenc part price level totalfina underscor distinct natur demand comparison demand fuel motorwai dissimilar natur demand fuel motorwai due season characht larg part annual sale french motorwai take place holidai season case petrol month juli august account sale case motorwai servic station month april ad figur increas approxim annual sale mark trend visibl case diesel gener speak month includ holidai period rise sale distinct condit entri competit vast major servic station oper toll motorwai vertic integr petroleum produc refin sell fuel brand name frequent oper motorwai servic station event absolut centralis control sale polici motorwai servic station fuel sale concern run motorwai servic station differ motorwai servic station brand refin present french motorwai number totalfina elf shell bp esso agip entir french motorwai network refin oper establish independ dyneff avia supermarket leclerc account servic station volum differ compar structur suppli motorwai market consider presenc supermarket make half market sale fuel multitud oper refin independ activ intern document fuel retail hand commiss totalfina care calcul averag price differ compar supermarket case motorwai price note condit govern entri motorwai market differ appreci govern entri motorwai market order oper motorwai servic station authoris form franchis obtain motorwai oper directli state case toll motorwai tender invit purpos site alloc basi tender abil meet specif agreement french union oil compani ufip union toll motorwai compani exist motorwai servic station oper franchis renew provid enter financi commit develop site result franchis perman limit access market entrant conclus forego demand fuel motorwai distinct natur motorwai demand suppli fuel motorwai constrain suppli fuel motorwai signific persist price differ fuel sold motorwai confirm relev product market sale fuel motorwai geograph market chain substitut servic station motorwai totalfina argu analysi competit condit motorwai carri motorwai section km support view refer total petrofina decis fail observ geograph definit market left open exxon mobil decis articl merger regul hand definit cover toll motorwai analysi suggest totalfina artifici reflect domino chain effect station averag distanc motorwai servic station km inform provid totalfina servic station brand quot total quot fact servic station conduct similar survei turn plead market definit compris servic station motorwai totalfina argu motorwai servic station section franchis motorwai driver pai toll subject competit constraint servic station locat section tollbooth data previou case case totalfina suppli weekli survei price charg motorwai servic station competitor basi data refin argument exxon mobil case base inter tollbooth motorwai section price charg servic station tollbooth differ significantli charg motorwai servic station except identifi averag price charg servic station station locat section motorwai essenti daili journei station survei price charg station opposit station neighbour trunk road note price survei servic station motorwai section motorwai franchis charg price similar charg station locat franchis motorwai motorwai includ market number motorwai price close charg motorwai market exclud form relev market motorwai locat urban area geograph market motorwai intersect practic mean market extend sale fuel entir motorwai network franc tabl illustr degre interconnect french motorwai gt tabl gt degre interconnect motorwai rise chain reaction effect extend motorwai station locat junction motorwai account set price price charg competitor motorwai true motorwai cross urban area mean ring road urban motorwai place bordeaux lyon marseil nant pari area constitut suffici major interrupt inter urban motorwai network competit condit motorwai origin north arriv form south case pari intens traffic wide extent pari region true citi identifi cover smaller geograph area traffic conclus singl market motorwai fuel sale franc includ motorwai list iii suppos urban area form natur frontier motorwai motorwai interconnect relev market defin chain substitut result distinct market group normandi north east ii west south iii south west substanti part common market group constitut substanti part common market cover extens area french territori connect motorwai network neighbour member state prime import trade good movement peopl european union franc trade good transport land carri road good transport road account trade member state lastli gener statist publish ministri infrastructur transport hous depart technic studi road motorwai show averag light vehicl heavi good vehicl french motorwai network abroad mean demand fuel motorwai european whichev motorwai concern competit analysi comment follow base nation market definit geograph market correspond group motorwai defin analysi valid concentr level similar player present market current competit situat explain exxon mobil decis market motorwai sale fuel suffer form competit deficit compani compet essenti mean price room manoeuvr factor competit fuel homogen product low degre technolog innov volum sold market vari significantli easi market player anticip react competitor action suppli highli concentr price data immedi likewis market player similar cost vertic integr presenc franc lastli demand price inelast combin factor result market structur conduct supra competit price price factor competit market player differenti fuel offer market player price fuel fungibl product refin systemat recours swap agreement purpos suppli servic station oil compani differenti motorwai servic station appar limit influenc suppli motorwai similar demand specif motorwai compani technic innov fuel retail market technic progress reli fairli gradual process product radic breakthrough competit market motorwai sale fuel practic essenti reflect price incent price competit point totalfina demand fuel motorwai franc stagnant upshot market player doubt market develop incent compet captur greater share futur demand tabl estim market share volum number servic station total french motorwai totalfina elf competitor gt tabl gt long term natur servic station franchis figur chang significantli futur vari percentag term recent year figur give pre oper concentr ratio biggest retail hhi index measur highli concentr market categori market player totalfina market leader share categori consist elf shell esso bp mobil market share lastli small player agip station avia station dyneff station high concentr market creat interdepend main player easili monitor polici competitor monitor take place level brand neighbour servic station high degre price transpar pump price made public easili visibl motorwai price competit bring rapid adjust competitor incent engag price competit limit homogen cost cost homogen motorwai servic station equival wholesal price cost gener specif requir franchisor specif invari motorwai differ motorwai cost born competitor easili estim easier market player anticip reaction competitor action market major player market motorwai fuel sale vertic integr station manag integr oper avia dyneff station own supermarket ident degre integr result compani take similar forese decis action market increas incent limit price competit extend network motorwai servic station mean brand servic station locat directli directli servic station own competitor aggress polici focus singl section motorwai lead repris section lack incent engag price competit weaken price inelast demand gener recognis fuel consumpt affect price fluctuat explain reason driver stop motorwai servic station price rank equal meet rest food barrier entri lack potenti competit market entri depend motorwai oper offer franchis highli servic station open exist motorwai franchis expir totalfina elf franchis servic station expir note agreement conclud motorwai compani oil compani franchis extend automat invest motorwai servic station concern totalfina advantag possibl servic station totalfina state agreement process renegoti outcom negoti totalfina argu agreement remain intact keep servic station franchis expir entail major invest invest offer signific rate return ensur totalfina elf maintain market posit servic station built newli open section motorwai year call tender launch conclud motorwai oper result contract award postpon repres annual increas number motorwai servic station increas term volum smaller station tend locat rout traffic expect dens exist rout gener take year finish build motorwai servic station allow time need obtain permit complet tender procedur low rate concess renew entrant supermarket drive competit motorwai market enter motorwai market except servic station franchis leclerc charg averag price supermarket chain present date french motorwai ten year motorwai servic station contract award call tender compani present french motorwai network prior award leclerc french hypermarket chain dyneff independ oper conclus uncompetit market led totalfina differ price charg leclerc servic station market averag doubtless illustr current low level competit market motorwai fuel sale leclerc station sell octan unlead petrol centim servic station directli adjac situat motorwai signific differ price appar prevent station make profit whilst subject ident cost structur servic station motorwai price differ illustr tabl show price litr octan unlead petrol week section motorwai beaun toul gt tabl gt sourc totalfina station figur opal nation averag oil compani supermarket price differ suggest motorwai price higher situat pure competit totalfina argu due sole fact motorwai servic station cost centim litr higher incur motorwai servic station estim produc ufip french union oil compani fulli explain differ price motorwai motorwai servic illustr tabl contradict cost differenti motorwai motorwai servic station suppli totalfina suggest cost profit advantag favour motorwai servic station motorwai motorwai differenti centim litr gt tabl gt nb totalfina posit valu unit cost profit higher motorwai network repli statement object totalfina contest valid estim ground account cost element suggest extra cost oper motorwai servic station estim centim litr includ tax estim explain differ price centim leclerc servic station profit station oper oil compani motorwai likewis intern document totalfina put return invest build upgrad motorwai servic station compar rate total station major trunk road urban suburban area verifi true totalfina exampl servic station construct motorwai network undermin valid assert made motorwai servic station profit motorwai servic station explain totalfina see lead market fuel sale posit clear cut market motorwai fuel sale totalfina big competitor elf tabl summaris call tender put construct motorwai servic station year illustr totalfina posit complet project total chose particip procedur occas presenc station vicin award contract procedur particip gt tabl gt conclus current competit situat market motorwai fuel sale close domin exercis sole totalfina jointli totalfina role leader post merger situat effect merger competit entiti signific presenc section motorwai franc hhi concentr index rise extrem high level concentr market share gt tabl gt addit domin wholesal fuel market oil logist chain totalfina elf benefit merger unequal coverag term number servic station geograph reach monitor close behaviour competitor punish choos follow aggress price polici section motorwai main player bp esso shell larg proport motorwai servic station immedi adjac station belong totalfina elf group demonstr tabl show number servic station brand section motorwai immedi adjac totalfina elf servic station totalfina elf servic station immedi adjac totalfina station gt tabl gt fact totalfina elf station adjac servic station caught totalfin elf servic station target repris effect competitor price charg leclerc servic station illustr station direct impact price charg station immedi station competitor decid step price competit follow run risk totalfina elf carri select repris substanti proport servic station size totalfina elf compar competitor cost price war unevenli distribut relat cash flow motorwai servic station merger totalfina elf strong incent rais price reduc qualiti servic explain structur market fuel sale motorwai servic station favour rigid downward price movement fluiditi upward price movement totalfina elf mean punish competitor follow oppos polici notifi merger result extens degrad competit structur market fuel sale french motorwai competit limit oper lead totalfina elf gain domin posit market sale aviat fuel refer market fuel aero jet engin kerosen similar domest kerosen heat fuel unit kingdom subject strict perform requir previou decis bp mobil shell gulf oil exxon mobil commiss conclud aviat fuel form separ product market form fuel petrol diesel marin fuel totalfina agre view notifi parti argu market aviat fuel european fuel sold call tender intern suppli contract award airport world addit price set basi platt quotat price aviat fuel cargo market world similar commiss conclud basi singl market european dimens aviat fuel product distinguish suppli deliveri aviat fuel site logist infrastructur capabl limit geograph scope competit refineri price cargo market price similar due natur product gener align price refin petroleum product uniform price raw materi crude oil uniform structur european level refin transport cost price aviat fuel expect case refin petroleum product uniform european level suppli aviat fuel airport european natur market obviou true airlin publish intern call tender necessarili select singl supplier suppli airport fly contrari select compani submit bid airport airport rel advantag supplier place price charg aircraft fuell vari contract point notifi parti supplier add platt quotat price place fuel board aircraft logist transport fuel destin convei airport store fuell aircraft price diverg observ airport explain cost transport fuel refineri import depot competit environ differ airport region differ princip explain distribut infrastructur aviat fuel destin airport gener specif airport mean supplier produc aviat fuel order win contract airlin access distribut fuell infrastructur specif airport order market product effect final link suppli chain aircraft fuell market restrict specif airport mean demand side price aviat fuel increas airport airlin unabl turn airport order obtain fuel lower price constraint connect avail time slot suppli abil oil compani stop suppli airport order suppli depend access logist infrastructur mean substitut limit suppli side case market concern airport toulous blagnac lyon satola totalfina argu airport constitut substanti part common market airport rank fourth french airport measur number passeng transport serv heavili industrialis area toulous centr europ aeronaut industri airbu arian lyon largest french citi major industri financi centr airport ensur extend geograph cover isol region extend hinterland fact hinterland toulous airport cover midi pyréné region airport compar size marseil airport situat multipl hour road distanc toulous equal lyon cover extend geograph zone centr south east franc airport compar size geneva switzerland lyon satola toulous blagnac list airport prioriti liberalis direct groundhandl servic direct commiss publish list airport cover liberalis requir laid airport list order size lyon satola toulous blagnac list categori airport airport annual traffic million passeng movement tonn freight comparison categori includ airport frankfurt main pari london heathrow london gatwick amsterdam brussel rome milan reason commiss consid airport constitut substanti part common market competit analysi notifi parti recognis import access suppli infrastructur airport major airport storag hydrant fuell system truck fuell manag pool member fuel supplier invest logist resourc pool order cut logist cost resourc primarili pool member notifi parti argu restrict suppli airport pool includ larg number oper pool involv oper addit time claus lai condit admit member provid meet object criteria technic characterist solvenc toulous airport storag aviat fuel aircraft fuell manag econom interest group call gat groupement pour avitail de toulous totalfina elf membership compet group pool totalfina elf suppli aviat fuel airport propos merger creat monopoli increas barrier entri potenti competitor lyon airport storag aviat fuel aircraft fuell manag econom interest group call gali groupement pour avitail de lyon satola totalfina elf membership compet group pool totalfina elf suppli aviat fuel airport propos merger creat monopoli increas barrier entri potenti competitor notifi parti stress merger creat strengthen domin posit airport view amend made format agreement group gat gali lai condit admit member preced recit parti access guarante competitor request met object criteria technic characterist solvenc competitor present lyon airport notifi parti report request made mobil juli toulous airport amend claus format agreement pool chang fact totalfina elf acquir domin posit airport result merger creation posit merger regul intend prevent applic regul affect argument develop notifi parti claus concern limit capac entiti abus domin posit conclus commiss consid merger lead creation monopolist domin posit market suppli aviat fuel airport toulous blagnac lyon satola sale liquefi petroleum ga lpg relev market product market liquefi petroleum gase lpg butan propan product oil refin natur ga lpg energi produc fuel distinguish lpg car fuel lpg lpg motor fuel market lpg fuel purpos analys section lpg product repres refineri product franc million tonn refin product french refineri million tonn lpg total product descript product lpg includ product butan propan spite number technic differ differ pressur boil point determin store condit product mutual interchang except lpg car fuel mixtur propan butan butan domest purpos condit form bottl auxiliari heat product hot water cook bulk industri purpos domest usag limit fact ceas ga temperatur propan ident domest purpos industri energi product technic characterist make suitabl distribut bulk tank climat condit hazard natur market transport storag lpg regul nation european level mode condit inform suggest distinct lpg market distinct made condit lpg ii lpg sold bulk domest purpos iii bulk lpg industri approach adopt lpg supplier market differenti mode distribut quantiti consum condit lpg sold bottl weigh kilogram domest purpos water heat cook dii industri purpos food sector heat treatment seal public work condit lpg sold servic station supermarket superstor tradit outlet hardwar shop groceri shop bar distribut logist bottl lpg includ bottl centr centr franc franc condit lpg repres million tonn lpg sale bottl sale declin annual averag tendenc result opposit movement declin sale condit butan domest constant level sale condit propan industri increas sale small bottl kg product intend leisur energi cook auxiliari heat market lpg sold bulk domest small bulk segment deliv small tank tonn tank made custom annual consumpt exce tonn tank aerial buri instal individu consum distanc form hous lpg usd heat cook hot water small bulk lpg distribut essenti oper sale small bulk lpg franc total million tonn repres sale lpg sale small bulk lpg increas million tonn industri bulk lpg medium larg bulk segment sold medium size larg tank tonn instal industri custom annual consumpt industri bulk lpg tonn custom industri bulk lpg part space heat hotel restaur industri process hot hous agri foodstuff dry cereal tobacco suppli steam medium larg bulk lpg distribut oper sale forc custom servic sale medium larg bulk lpg franc total million tonn repres sale lpg sale medium larg bulk lpg increas small bulk segment million tonn determin singl lpg market separ depend method condit final exist analysi effect competit notifi transact affect distinct lpg separ product market totalfina argu lpg constitut separ product market number substitut product lpg energi heat cook notifi parti mention solid miner fuel coal lignit wood domest heat oil natur ga electr renew energi solar energi industri sector mention natur ga electr solid miner fuel coal lignit heavi fuel oil energi sourc appear belong product market lpg note purpos condit lpg lend switch sourc energi domest heat oil buyer bottl lpg intend specif purpos auxiliari heat cook dii weld domest heat oil lend substitut due eas condit lpg rel price rel calorif lpg altern energi switch energi sourc requir major equip boiler chang burner bui tank chang pipe storag consider expens price lpg rise cost switch energi sourc short term offset higher price lpg switch natur ga fairli easili reason adjust cost natur ga network geograph cover demand bottl lpg domest cook franc natur ga gaz de franc custom compar bottl lpg custom natur ga network cover franc separ demand lpg franc respons user lpg show natur ga altern energi sourc closest lpg provid connect natur ga network feasibl agricultur dry cereal lpg purpos natur ga form energi combust air directli dryer pass air air heat exchang glasswar smelt ceram industri lpg chosen sourc energi dry electr cost time heavi fuel oil pollut natur ga distribut gdf product site manufactur cellulos fibr packag fruit bottl packag switch heavi fuel oil lpg reason cleanli poor energi effici heavi fuel oil collect hous sector lpg rural area suppli natur ga construct compani ask chosen econom electr quot cleaner quot easier deliv domest heat oil illustr lack direct competit altern energi sourc examin lpg price demonstr diverg trend lpg energi sourc figur suppli totalfina price movement decemb decemb gt tabl gt sourc ate associ techniqu pour le économi énergi februari form clear price gap lpg natur ga increas past year spite grow gap totalfina tank custom base continu increas bottl custom base declin slightli gap similar lpg domest industri sale shown tabl provid totalfina gt tabl gt sourc ate februari form tabl illustr period shift energi sourc privat home central heat system replac gt tabl gt sourc totalfina centr étude de recherch économiqu sur énergi posit replac rate favour lpg favour natur ga network convers replac rate detriment energi domest heat oil electr coal quot quot energi sourc includ form solar energi signific factor degre competit altern energi sourc correl price variat energi sourc altern energi sourc interchang belong market price increas lead price reaction word sourc energi belong product market rel price follow pattern period case correl price variat altern energi sourc commiss correl analysi show lpg belong market fuel oil electr analysi base price lpg fuel oil electr period januari juli bill categori custom domest custom tertiari sector hotel public author small medium larg industri sourc le prix de énergi associ techniqu energi environn categori repres form condit domest bulk industri bulk medium larg bulk quantiti lpg suppli tabl show degre correl found correl lpg fuel oil electr gt tabl gt degre correl slight electr fuel oil basic mean price polici lpg constrain altern energi sourc strong indic exist separ energi market analysi gross margin achiev lpg market show upward trend difficult explain presenc current effect competit form energi sourc variat gross margin lpg gt tabl gt sourc answer commiss questionnair gross margin grown year growth appli oper size show lpg produc adjust custom sale price order compet fuel oil energi sourc repli statement object totalfina redefin relev market made lpg cook domest heat input petrochem industri energi sourc industri keen show lpg face strong competit energi sourc claim correl calcul made commiss distort monthli natur data unlik lpg domest heat oil price electr natur ga vari annual provid elast estim commiss cook concern lpg replac natur ga area serv network electr case substitut natur ga situat ga network doorstep lpg consum replac lpg natur ga requir minor adjust household equip totalfina increas rel price lpg account open gdf manag french ga network suffici larg number make price increas unprofit argument valid area franc cover ga network gdf lower tariff whilst price lpg show tendenc increas period price differenti condit lpg natur ga lead consum conclud natur ga suppli agreement gdf totalfina substitut electr depend combin factor firstli household increasingli equip applianc work lpg electr cooker electr ring lpg ring consum choos lpg electr depend rel price applianc work lpg replac electr applianc argument convinc studi ga area household equip cook lpg lpg electr energi cook advantag inconveni totalfina explain cook gase gener eas safeti inconveni electr case cook lpg consider expens remain solut choic vast number household notabl moder revenu totalfina explain quarter household mix applianc run lpg electr conclud household consum electr lpg rel price vari exclud major household constantli inform rel differ price calorif unit lpg electr perform arbitr choic applianc document submit totalfina choic made primarili amount invest eas speed cook qualiti final underlin estim cross elast lpg cook electr mean price increas lead lesser decreas sale remain profit cook concern condit lpg form part relev market natur ga electr lpg sourc domest heat concern totalfina provid numer studi claim show strong substitut domest heat oil electr wood substitut plai heat system chang choic energi sourc dwell sourc heat emerg studi submit choic sourc energi heat depend central heat instal ii moment decis made instal chang central heat system depend rel price sourc energi breakdown previou system amount household save iii dwell equip heat system consum make choic sourc energi choic depend partli rel price energi sourc totalfina lpg price increas dwell chosen year equip lpg choos instal energi sourc estim neglig statist distort accept number heat system replac instal run lpg small proport total number hous heat lpg mean uniform increas lpg price loss custom profit totalfina equival loss custom period year totalfina home heat lpg sourc energi wood electr radiat totalfina estim price elast demand lpg price lpg increas thing equal demand lpg decreas total price lpg increas lead loss sale year loss sale offset increas profit increas profit proport increas price initi estim consid increas price increas profit hypothes provid totalfina unit margin price increas unprofit ratio oper result tonn sale price tonn totalfina lpg tank petrochem industri industri gener totalfina studi show rel variat price lpg sourc energi correl report lpg petrochem industri show increas price lpg compar naphtha lead drop proport lpg consum compar naphtha consum slight impact due technic constraint steam cracker oper rel proport lpg naphtha fuel oil determin steam cracker output variat lpg compar energi sourc explain product adjust decis steam cracker rel price trade off suppli side number lpg basi forego conclud lpg form separ market energi sourc except natur ga prior connect custom premis precondit substitut relev geograph market geograph market lpg sale nation lpg product gener transport short distanc trade area depot bottl centr soverlap difficult isol area market lpg domest sold bottl product countri homogen subject standard rule market domin sale network set oil compani supermarket superstor oper network nation price polici case relev geograph market franc explain paragraph oper extens logist structur base oper swap contract order cover territori oper market structur suppli player market player oper lpg market totalfina elf butagaz primagaz repsol air liquid vitogaz air liquid vitogaz financi link elf totalfina capit share totalfina rubi rubi limit partnership princip sharehold parti concentr hold particip butagaz primagaz market share player lpg market share francesourc totalfina form gt tabl gt gt tabl gt gt tabl gt gt tabl gt likewis totalfina elf strong presenc storag own import depot franc depot player market franc structur propan import date market player swap agreement import depot storag depot bottl centr cover franc proport quantiti import store player calcul valu similar market share arriv tabl proport capit held busi present lpg market term import depot import depot gt tabl gt sourc form totalfina elf geograph complementari logist posit merger totalfina elf acquir sole control norgal cobog depot addit depot south franc atlant seaboard merg busi geograph logist coverag make independ competitor lastli totalfina elf strong posit term hub depot bottl centr infrastructur store lpg local depot bottl centr import tool make lpg energi sourc favour residenti tertiari agricultur sector small industri rural area small town area economi base larg small busi pass storag centr mean consider obstacl entri expans market lpg perceiv hazard bind rule european nation level make construct storag site expens econom agent enter lpg market current player increas market share year trend concentr lpg market franc structur demand lpg custom base break categori quot bottl custom base quot essenti made individu quot bulk custom base quot subdivid individu industri custom tradit bottl sale declin slightli year contrast disregard increas sale lpg motor fuel announc tank sale increas year growth expect competit analysi combin posit totalfina elf lpg sale totalfina acquisit elf lead domin posit lpg market franc respect market share totalfina elf merg reach nation ad held air liquid totalfina elf control approxim lpg sale franc separ lpg market totalfina elf sale conditionel lpg sale small tank domest sale larg tank industri combin market share condit lpg market share identifi type bulk sale merg entiti exercis market power akin domin posit totalfina elf lpg suppli product french refin industri produc million tonn lpg butan propan million tonn extract natur gase lacq area total consumpt lpg franc million tonn includ million tonn import term product lpg refineri site extract franc totalfina share french product elf geograph posit network distributor entiti posit distribut lpg countri storag import storag import concern totalfina elf right capac import termin merg entiti import logist site import site norgal cite norgal le havr depot biggest import termin northern europ refriger depot franc easili access import british refineri ara area accommod ship size origin tonn pass account lpg import franc addit totalfina elf hold held vitogaz merger site own merg entiti sole control depot control third major vote decis unilater lead anticompetit behaviour detriment minor sharehold refus share suppli forc vitogaz capac smaller boat increas cost appli cobog depot subject sole control totalfina merger primagaz sharehold capac find exclud norgal site vitogaz merrg entiti sizeabl hold strateg site geogaz lavéra cobog ambè norgal harfleur swap moment order oper properli lpg market produc suppos nation geograph coverag territori centr logist base larg scale import storag bulk relai bottl centr logist base produc parti base product swap competitor state answer quot twenti year independ lpg distributor franc disappear fail acquir posit stockhold allow access direct swap lpg competit price quot product swap enabl competitor present geograph area possess resourc reduc transport product classifi quot hazard quot categori limit logist cost reduc cost price remain competit area competitor reciproc transfer servic centr depot case compani own centr depot transport lpg bulk leav depot hand compani request transfer swap transfer swap servic link reciproc transfer product place system balanc swap repres half quantiti market distribut compani tabl sourc swap competitor signific degre depend produc merg entiti merger suppli depend lpg oper gt tabl gt sourc answer commiss questionnair tabl show supplier swap competitor proport total sale lpg vitogaz sale depend swap totalfina elf tabl illustr import primagaz vitogaz butagaz swap totalfina elf lpg swap polici swap rel import tfe gt tabl gt sourc answer questionnair result competitor reli swap agreement cover franc depend totalfina elf depend acut vitogaz primagaz merger polici balanc swap disrupt competitor totalfina elf carri purchas import lpg cover franc pass totalfina elf refineri import depot hub depot bottl centr order ensur suffici geograph coverag player make swap agreement depot bottl centr merg entiti possess inland distribut depot give share lpg market term sale bottl centr own outright totalfina elf amalgam addit merg entiti particip parti centr tabl show respect posit player bottl centr bottl centr gt tabl gt sourc form note condit lpg concern player market refus deliv bottl lpg requir distributor supermarket sell lpg brand appear system deposit bottl frf bottl ti custom increas barrier entri weaken retail negoti posit contact lpg produc concessionair distributor claus prohibit take back ga bottl brand compet depositari contractu provis effect divid territori increas custom loyalti creat obstacl possibl consum chang brand totalfina note competit council pari court appeal held claus restrict contribut control safeti prevent bottl leav initi distribut circuit remain merger view size merg entiti practic lead increas barrier expans supplier encourag increas custom loyalti creation domin posit explan show oper undermin balanc lpg market elimin import player make competitor depend vari degre consequ increas rival cost decreas competit merger totalfina elf genuin autonom compani lpg market competitor want cover franc suppli totalfina elf gain access logist constitut bottleneck competitor constrain suppli lpg market product avail avail storag import relai storag logist distribut resourc lorri bottl centr lpg storag capac work quot lean product quot fashion competitor dai worth stock satur period winter repli object totalfina explain logist lpg open fluid merger lead notic chang bottl centr totalfina note slight differ cost bulk transport cost transport bottl lpg favour strategi base limit number bottl centr increas distanc cover consequ oper longer bottl centr conclud swap agreement distributor statement assum eas access part oper import market depot connect account control totalfina elf exercis essenti termin constitut bottleneck concern competitor totalfina point past perform competitor demonstr capac acquir maintain competit posit term bottl lpg argument overlook competit totalgaz elf antargaz merger allow competitor achiev market posit close total elf primagaz higher butagaz presenc merg entiti share depot particip parti singl bottl centr attitud totalfina elf competitor complet alter merger totalfina elf independ competitor concern suppli lpg whilst depend totalfina elf cover total territori totalfina elf incent vertic integr oil compani competitor competitor lpg market singl product oper distribut lpg competitor exclus suppli contract oil compani butagaz joint purchas polici risk marginalis totalfina elf common depot shown answer commiss questionnair commiss share conclus totalfina elf intend deduct competit situat bottl centr merger domest heat oil potenti sourc competit lpg note totalfina elf largest domest heat oil produc franc control altern energi sourc merg entiti posit regul competit sourc notabl manipul rel price discuss take place franc futur gaz de franc gdf consider view liberalis ga industri french govern sharehold gdf open gdf capit edf totalfina elf le mond novemb repli statement object totalfina demonstr competitor subsist spite depend merg entiti swap import relai logist except butagaz competit motiv merger discuss recit competitor fact heavili depend entiti air liquid obtain product elf vitogaz remain depend parti merger term import final primagaz suppli difficulti find border cross point import north franc totalfina primagaz competitor react instanc increas demand lpg suppli basi long term contract import infrastructur brest import belgium refineri antwerp totalfina provid ampl product import altern order exercis effect competit inquiri confirm primagaz flexibl increas local suppli capac regard satur depot brest small boat suppli brittani import product antwerp cost competitor primagaz sourc effect competit merger capac action restrict competitor posit counter restrict quantiti increas price totalfina elf explain vitogaz air liquid margin manoeuvr vi vi totalfina elf consid put competit pressur repsol margin present base spanish infrastructur south franc depend totalfina elf extend sale geograph area primagaz cover part franc depend totalfina elf ensur cover butagaz potenti attain autonomi totalfina elf doubt compani butagaz suppos independ totalfina elf incent thwart price increas initi totalfina elf lpg logist chain franc frequent satur winter annual consumpt barrier expans high totalfina elf competitor significantli increas sale shadow price increas initi totalfina elf interest shadow price increas larg competitor state increas sell price lpg parti merger satisfi deflect demand quot medium larg bulk quot segment increas capac bottl lpg quot small bulk quot segment restrict appli avail product link suppli point control parti merger norgal import depot competitor option import northern part franc larg competitor state meet deflect demand time price increas merg entiti prolong demand requir major invest equip bottl facil storag capac logist transport vehicl give gener idea order increas storag capac competitor equip bulk relai cost frf tonn storag bulk relai construct time year addit import point cost frf tonn depot construct time year notifi transact lead totalfina elf hold domin posit lpg market market condit lpg lpg domest tank industri lpg market notifi transact result busi activ petroleum chemic market amalgam investig commiss receiv complaint custom totalfina elf sulphur ethylen market reason commiss investig led conclud notifi merger creat strengthen domin posit market sulphur market sulphur produc refin crude oil product refin process purif natur ga extract ga reservoir complain state totalfina elf acquir domin posit market sale sulphur cover south franc sulphur costli transport preserv liquid form definit propos complain limit geograph definit south franc retain commiss market investig show sulphur transport long distanc liquid solid form consider overcapac franc european union countri germani level trade high member state internation reason appear relev geograph market extend europ totalfina elf combin share market commiss consid notifi transact creat strengthen domin posit market sale sulphur ethylen market ethylen basic chemic product belong olefin group consist ethylen propylen butadien western europ ethylen produc princip naphtha product process refin crude oil steamcrack equip princip product polyethylen pvc product replac raw materi ethylen constitut separ product market view commiss previou decis complain elf domin posit market ethylen sale franc posit strengthen addit totalfina downstream activ polyethylen product totalfina argu hand product market ethylen geograph european market contrari assert totalfina number reason adopt restrict definit geograph market case franc ethylen ga difficult transport flammabl order reduc transport cost logist difficulti polyethylen pvc product centr tend locat steam cracker produc ethylen long distanc ethylen transport compress form pipelin liquid form special refriger ship transport requir major invest logist equip pipelin port termin turn connect pipelin polyethylen pvc product plant refriger ship constitut altern sourc suppli import sea requir port instal maritim transport entail extra cost ad transit cost termin pipelin import mediterranean area entail extra cost compar product franc profit practic transport ethylen overland road rail inflamm natur imposs practic move larg quantiti ethylen product site inland consumpt site site connect network pipelin franc pipelin network south eastern ethylen pipelin link mediterranean sea lavera product plant elf atochem bp steamcrack berr shell basf steamcrack st auban feyzin elf atochem solvai steamcrack tavaux basf solvai pvc factori pipelin ethylen product plant lavéra bp amoco elf atochem scvf shell elf atochem spf elenac berr elenac montel st auban elf atochem pont de claix elf atochem rp jarri elf atochem balan elf atochem pipelin link number isol steamcrack occasion user french produc ethylen capabl transport product ethylen consum inland pipelin network pipelin network cover franc french produc transport product franc export sea limit quantiti capac termin geograph market suppli ethylen consid consist territori suppli pipelin network french ethylen market elf market share calcul basi product capac sale likewis elf strong presenc import depot storag elf atochem joint control bp amoco lavera termin option maritim access pipelin network cover south franc control transport ethylen pipelin elf own entir south eastern ethylen pipelin network im südwesten lavera berr berr st auban st auban pt de claix pt de claix st pierr de chandieux provid transport region elf major hold etel pipelin link feyzin steamcrack balan tavaux solvai pvc plant lastli light elf embrac posit ethylen market produc owner transport infrastructur plain elf hold domin posit market combin totalfina elf downstream activ polyethylen pvc lead strengthen elf domin posit totalfina european presenc ethylen product market product plant belgium produc high densiti polyethylen share european market elf present market pvc high densiti polyethylen polyethylen addit totalfina activ fundament modifi elf interest detriment player activ market downstream ethylen reason commiss consid notifi merger creat strengthen domin posit market sale ethylen franc vi commit propos notifi parti evalu januari notifi parti propos commit order elimin competit problem commiss identifi statement object issu novemb januari notifi parti propos set modifi commit take account result market test modif request commiss januari servic commiss express neg reaction modifi commit lpg market notifi parti dai propos sell lpg activ elf group propos result neg market test propos consid prima faci servic commiss suffici interven work dai commiss receipt market test result propos put end competit problem identifi market question reason consult member state framework advisori committe short delai except circunst present mean articl regul ec justifi file propos end foreseen quarterli deadlin commit summaris evalu recit order relev market treat commiss statement object competit evalu part current decis text commit join decis form integr part decis wholesal market import termin pipelin descript totalfina commit divest asset activ import inland termin combin interest totalfina elf share cpa entir interest held elf group share sfdm entir interest held elf group cim cim independ entiti entir interest directli held elf group share dp fo totalfina elf lose control dp fo conserv control particip seat held previous board director dp fo entir termin fina port la nouvel totalfina southern region interest share capit fina lorient entiti retain seat held previous board director totalfina west centr region entir termin fina nanterr totalfina normandi pari region interest share capit epl lyon held elf group rhône alp entiti retain seat held previous board director interest held totalfina share capit se strasbourg totalfina longer hold interest addit totalfina commit provid termin strasbourg eastern region access odc pipelin totalfina undertaken divest asset activ pipelin refin petroleum product entir interest held elf group share capit trapil totalfina elf retain control particip seat held previous board director trapil entir interest held elf group share capit sfdm dmm pipelin oper compani pipelin oper compani sfdm independ merger entir interest held elf group held totalfina share capit spmr totalfina elf retain control particip seat held previous board director spmr analysi wholesal market divest propos totalfina shield complet partial import inland termin identifi region control exercis totalfina elf storag capac liber influenc totalfina elf suffici ensur pressur refin product suppli altern refin product come totalfina elf refin addit propos commit elimin form control entiti pipelin consid bottleneck suppli region account suppli refin petroleum product wholesal market made totalfina elf refin gener face competit avail product suppli import matter market question nation region southern region divest import termin port la nouvel market open import western part french mediterranean loss control dp fo import termin crucial element termin command access import product spmr pipelin transport product rhône area lyon measur reinstat possibl demand choos import suppli independ totalfina elf french refin region rhône alp auvergn bourgogn totalfina free storag capac ep lyon termin divestitur stake cpa lead loss influenc inland termin saint priest decreas entiti particip spmr pipelin exclud possibl totalfina elf control pipelin seek alli sharehold small stake pipelin fact decis third major demand competit exercis fullest refin refin import eastern region totalfina lose control dmm pipelin inland termin connect odc offer strasbourg region possibl connect import termin odc entiti case recit divest particip cpa compani equal control import termin se strasbourg termin divestitur automat reduc influenc totalfina equal propos renounc direct particip capit se divest particip cpa residu particip totalfina elf lose control suppli sourc free storag capac inland termin demand select suppli independ refin northern region totalfina elf control refineri present entiti lose control dmm pipelin connect inland termin divestitur stake cpa elimin pre emption right storag capac entiti dunkirk import termin lead elimin influenc manag cpa termin undertak demand select suppli independ totalfina elf restor effect competit region west centr totalfina propos divest import termin situat lorient brittani abandon control import termin dong independ dmm pipelin connect totalfina elf control refineri region dong longer control altern import sourc condit effect competit reinstat normandi pari region totalfina abandon control import termin cim havr divest stake cpa elimin pre emption right storag capac entiti rouen import termin divestitur lead elimin influenc manag cpa termin addit totalfina elf lose control trapil pipelin system addit totalfina commit sell termin north pari region commit divestitur particip cim sfdm lead loss control inland termin south pari region cim coignièr cim grigni sfdm la ferté alai undertak wholesal client obtain suppli depend totalfina elf refin undertak safeguard exist access inland termin control entiti commit give seat board director except seat liber epl result commit cover total divestitur particip case cpa loss control case spmr trapil cim sfdm lorient dp fo sale epl stake accompani concurr storag capac loss control termin commit abandon director seat nullifi control termin hand totalfina elf retain major gener assembl commiss take note totalfina elf intent abandon seat board director epl condit declar oper compat common market regard market provis servic storag capac import termin connect mean bulk transport undertak offer totalfina complet elimin overlap competit reinstat regard market provis transport servic refin petroleum product pipelin propos commit complet elimin overlap sell sfdm divest particip elf held trapil spmr remedi competit reinstat market test conduct commiss confirm propos commit effect last competit reinstat wholesal market market provis servic storag capac import termin connect mean bulk transport market provis transport servic refin petroleum product pipelin parti stress import storag capac right held totalfina elf geograph confin area part brittani heat oil absenc commit posit held entiti propos remedi free suffici import inland storag capac demand find suppli independ french refin entiti sale motorfuel highwai descript totalfina commit divest servic station situat motorwai includ relev market defin decis station tag compris elf station total fina brand choic station take problem identifi recit decis account divest servic station fail place foreseen refus highwai concess holder lesse manag agre notifi parti commit sell buyer replac station question station substitut appli notifi parti propos equival station similar term sale geograph locat contractu term concess case commiss agre notifi parti commit consult french author deal competit issu analysi oper elf contribut station entiti mean overlap complet elimin equal case calcul basi volum sold possibl substitut servic station servic station case refus parti measur propos totalfina propos remedi full effect commiss note parti intent sentenc indent point commit consult french author case market test confirm condit purchas divest servic station reli independ suppli capac competit market sale motorfuel highwai reinstat number parti estim divest suffici compani base consider market definit stretch servic station includ relev market definit adopt commiss observ retain parti totalfina elf offer privat card access network consider part custom base divest servic station remain custom entiti result amput significantli sale volum retail station increas market power entiti totalfina inform commiss sale made privat card total volum answer competitor fear divest servic station sale volum significantli reduc totalfina commit offer acquir possibl integr tfe privat card system period year case acquir privat card system belong privat card network regroup multipl retail commiss consid commit propos totalfina relat privat card acquir maintain volum sale divest servic station provid suffici time acquir initi proper incent custom base sale aviat fuel descript totalfina commit divest particip held elf suppli group gat groupement pour avitail de toulous blagnac particip held elf gali groupement pour avitail de lyon satola analysi undertak propos elimin overlap elf totalfina market concern market test propos remedi lead restor effect last competit situat liquid petroleum ga descript undertak propos totalfina consist reinstal structur independ direct competitor ii open lpg import termin norgal le havr geogaz south cobog bordeaux logist facil bottl facil south west franc iii divest custom base logist asset small volum bulk southern half franc propos lpg consid market test tot suffici warrant restor effect last competit uncertainti legal capac totalfina offer sell capac norgal termin stake stake offer divestitur big enabl autonom econom suppli larg size ship thirdli sum volum offer suppli divest custom base air liquid fourthli sale condit lpg propos provid custom base major sale made supermarket condit retail product demand substanti sum fifthli final custom base offer divestitur benefit logist previous case elf group repli result market test totalfina propos set modifi undertak consist essenti increas import capac offer divestitur capac substanti address issu rais relat condit lpg modifi remedi achiev depend actual competitor lower barrier entri potenti competitor concentr structur market competitor incent follow price increas initi totalfina elf seek increas market share entri competitor market highli modifi remedi led restor competit condit uncertainti relat effect remedi aggrav dispers propos divest ensur effect similar achiev global divest led crate entiti depend incumb market repli doubt commiss express modifi remedi notifi parti withdrawn preced offer offer divest elf lpg activ franc activ essenti regroup compani elf antargaz includ asset own entiti elf group asset elf antargaz link lpg activ franc remain merg compani final storag facil dong lacq link dong refineri natur ga field lacq remain combin entiti parallel divestitur notifi parti undertak maintain suppli arrang norgal cobog import termin suppli divest busi exclus basi year final minor sharehold vitogaz totalfina elf commit oppos present acquir elf antargaz case offer retain totalfina elf commit sell particip vitogaz analysi late submiss propos divest elf antargaz market test reason doubt import full function natur elf antargaz commit lead restor effect last competit addit elf antargaz import market player lpg condit quot small bulk lpg quot quot medium larg bulk lpg quot combin totalfina elf surpass total initi level combin refin capac dong lacq infrastructur market share level domin total number competitor market maintain modal appli propos remedi deadlin time scale propos totalfina appli commit case totalfina elf accomplish sign irrevoc agreement deadlin truste charg sell asset question time scale time scale accept basi commiss practic characterist commit signific number asset divest configur divestitur purchas show interest quot set quot asset truste notifi parti appoint subject approv commiss truste charg monitor complianc undertak hold separ common practic notifi parti commit period date decis commiss actual divest manag asset due divest hold separ basi commit dual object hand ensur commerci competit asset maintain period hand ensur combin limit time lead alter competit condit relev market undertak submit notifi parti limit inform exchang level asset dispos provid measur avoid divulg confidenti inform personnel second entiti divest choos totalfina elf entiti divest undertak make distinct natur divest represent notifi parti board divest entiti sale stake compani totalfina elf replac board member truste board member origin totalfina elf present intuiti persona board provid truste power vote limit possibl merg entiti influenc busi divest benefit confidenti inform note notifi parti posit chairman cim sfdm posit execut director sfdm truste approv advanc import manag decis monitor dai dai manag truste posit cim sfdm totalfina elf truste decis relat commerci manag import termin port la nouvel motorwai servic station notifi parti ensur administr technic manag asset provis appear proportion notabl integr entiti totalfina elf group solicit claus propos commit forese solicit claus custom base divest termin elf antargaz busi total personnel claus ensur purchas condit establish purchas asset effect last manner market question commit repurchas claus period divest asset totalfina elf margin adjust full commit repurchas asset fact analysi effect propos remedi base combin effect remedi artifici separ divestitur element natur purchas organis divest process notifi parti stress address propos commit provid commiss element verifi effect last competit immedi restor consid free sell total signific part asset divest multipl oper singl purchas ii initi exchang compar asset locat franc commiss take note parti intent point indent commit parti question express reserv discret express totalfina propos commit parti notabl express fear entrant exchang deal totalfina elf limit incent compet combin entiti common interest multipl contact distinct market equal compani explain commit wholesal market logist divestitur asset multipl oper singl purchas lead desir open wholesal market need counterbalanc combin refin capac entiti commiss account fear procedur stage appli commit analysi totalfina elf competitor refin shell bp amoco exxonmobil share common interest wholesal market notabl face competit integr retail market essenti supermarket circumst player chosen notifi parti truste acquir asset divest wholesal market market provis servic storag capac import termin connect mean bulk transport market provis transport servic refin petroleum product pipelin commiss element account evalu propos eventu applic refin notabl appreci light refer analysi case light contact refin totalfina elf market equal commiss account concentr natur market sale motorfuel highwai oligopolist market structur base collect domin bp amoco shell exxonmobil propos notifi parti truste acquir servic station motorwai remark applic refin preced paragraph appli market gener notifi parti commit sell asset divestitur entiti signific influenc claus complet independ acquir viii conclus commit propos notifi parti natur lead restor effect last competit market question major commit consid effect leav element commiss note liber director seat board epl lyon point modal divest asset foreseen point indent commit consult french author case substitut offer servic station motorwai provid point commit complianc entireti commit submit commiss condit approv concentr project adopt decis articl condit commit annex decis except element foreseen point indent phrase indent fulli compli concentr notifi totalfina elf aquitain declar compat common market function eea agreement articl decis address totalfina pari la défens cede brussel februari commiss mario monti member commiss oj corrigenda oj oj corrigenda oj oj turnov calcul accord articl merger control regul commiss notic calcul turnov oj figur turnov prior januari calcul basi averag exchang rate ecu convert euro pariti part text edit ensur confidenti inform disclos part enclos squar bracket southern region consist depart eastern region consist depart northern region consist depart normandi pari region consist depart west centr region consist depart rhône burgundi region consist depart connect strasbourg depot southern odc pipelin technic depend totalfina grant land own deliv septemb nb totalfina elf market share dho underestim includ percentag sold elf subsidiari franc import million tonn refin product includ million tonn petrol million tonn diesel depot lorient port la nouvel afford access larg tonnag vessel connect mean bulk transport trade radiu kilometr shell pauillac depot depend dpa bulk transport lorri roll stock load facil unconnect pipelin connect dpa bassen level import increas year increasingli stringent product qualiti specif domest refin temporari difficulti produc qualiti lower aromat benzen sulphur content distribut pipelin share base market share data traffic airport toulous passeng freight tonn movement destin traffic franc lyon passeng freight tonn movement destin traffic franc council direct ec octob access groundhandl market commun airport oj distribut network natur ga franc cover municip approxim gaz de franc anticip connect addit municip year year analysi includ natur ga substitut lpg cheaper provid custom connect ga network mention lpg produc recent develop kg bottl tradit bottl kg order give bottl boost bottl lighter simpler bui transport instal extract articl daili le mond quot gdf simultan develop upstream particip develop oil ga reserv downstream meet custom requir principl open capit totalfina elf edf le mond octob adopt mind take elf totalfina main competitor gain import hold ga distribut elf pipelin network south west centr lacq deposit group de facto essenti partner gdf quot case iv exxon dsm iv nesté statoil iv union carbid enichem annex commit propos totalfina common procedur implement commit natur transfere order maintain effect competit affect market notifi parti undertak divest asset object present commit hereinaft asset transfere fulfil condit totalfina elf group materi interest direct indirect transfere provis prevent compani totalfina elf hold materi interest notifi parti undertak fulli divest accord present commit acquir asset regard notifi parti undertak oppos directli indirectli candidaci compani adopt measur implement candidaci transfere viabl oper potenti activ market question capabl maintain develop effect competit transfere obtain obtain authoris acquisit exploit asset notifi parti submit commiss draft inform document divestitur categori asset refin product depot interest pipelin motorwai servic station asset lpg sector transfer potenti purchas list potenti purchas notifi parti intend contact commiss pronounc document question work dai date submiss document deem accept commiss subject commiss approv transfere specif procedur set asset relat storag transport refin product motorwai servic station transfere relat part asset oper establish franc hold substanti interest activ petrol sector product refin storag promot sale wide energi field financi institut entrepositair agréé financi institut establish franc select transfere subject approv commiss request approv transfere includ inform permit commiss verifi propos transfere meet condit point commiss inform notifi parti approv reject propos candid transfere dai date submiss request approv propos transfere absenc respons commiss dai consid except circumst mean point time limit notifi parti undertak conclud irrevoc divestitur agreement relat asset date receipt decis authoris merger pursuant articl regul eec hereinaft time limit transfer asset effect maximum conclus divestitur agreement hereinaft time limit event except circumst prevent conclus divestitur agreement effect divestitur time limit extend discret commiss duli justifi request notifi parti request extens time limit present commiss end time limit latest request extens time limit present time limit latest commiss issu decis request extens dai date submiss absenc reaction commiss end dai consid tacit accept commiss request extens divestitur asset long notifi parti provid commiss mean ensur divestitur natur immedi establish effect long last competit notifi parti free proce sale asset condit procedur choic notifi parti divest signific part asset oper singl transfere notifi parti entitl proce divestitur asset mean exchang asset natur franc notifi parti undertak regain control asset period date divestitur asset question subject matter divestitur prejudic supplementari detail provid point asset motorwai servic station asset sharehold compani point divest autonom oper entiti purpos asset includ tangibl asset land build properti fixtur intang asset custom comput databas contract authoris permit manag asset question enabl transfere compet effect personnel emploi directli asset divest asset question accord articl french labour code notifi parti inform transfere possibl put dispos temporari basi transfer definit current employe administr commerci manag totalfina elf servic prove oper manag asset divest transfere transfere request notifi parti undertak negoti good faith put personnel dispos transfere temporari basi transfer definit notifi parti inform transfere possibl conclud identifi parti contract suppli product servic oper asset notifi parti undertak transfere request subject agreement parti supplier ensur assign transfere contract suppli good servic conclud totalfina elf group parti supplier relat asset divest notifi parti undertak solicit employ personnel transfer asset period date divestitur asset question notifi parti make effort encourag personnel resign employ date divestitur preserv condit competit asset divestitur notifi parti undertak preserv full econom competit asset date divestitur asset accord good commerci practic extent mean dispos present commit notifi parti undertak carri act author signific impact econom manag competit asset date divestitur asset notifi parti undertak carri author act natur alter natur scope activ asset industri commerci strategi invest polici asset question notifi parti undertak put place measur avoid disclosur confidenti inform asset totalfina elf group parti except inform divestitur asset condit accord present commit personnel totalfina elf group second asset notifi parti undertak date receipt decis approv merger invit member personnel chose possibl resign post totalfina elf group case make effort emploi asset concern reintegr totalfina elf group case make effort replac personnel individu independ totalfina elf group notifi parti consid requir relat preserv viabil competit asset contact commiss extens time limit absenc reaction commiss submiss duli reason justifi request demand deem accept commiss notifi parti provid truste refer point mean inform truste consid purpos enabl truste inform ongo manag asset truste dai receipt decis approv merger pursuant articl regul eec notifi parti propos name truste commiss provid draft mandat accord provis present commit includ detail propos method payment truste reveal amount paid commiss issu decis propos truste draft mandat dai receiv propos commiss time limit approv reject truste propos truste propos approv commiss truste appoint notifi parti truste approv commiss notifi parti appoint truste choic truste reject commiss commiss select truste appoint notifi parti notifi parti amend draft mandat commiss request absenc respons commiss propos notifi parti dai date receipt name truste draft mandat put forward deem accept commiss truste appoint notifi parti work dai approv commiss remuner truste agre truste notifi parti copi mandat provid truste commiss mandat sign notifi parti make modif mandat approv commiss request truste commiss requir amend mandat shown permit truste fulli carri task truste assign ensur notifi parti maintain viabil saleabl asset continu manag oper asset ordinari trade accord past practic date effect divestitur asset report regular basi commiss state implement commit execut truste task purpos truste draw confidenti report week submit commiss work dai period request commiss report cover point confirm asset manag manner preserv full econom competit accord point ii step view execut commit reaction parti contact potenti transfere parti right consent pre emption right labour organis administr author state formalis act divestitur iii identifi aspect mandat truste fulfil reason justifi execut mandat respect confidenti version report submit commiss truste notifi parti sharehold compani point notifi parti undertak divest seat board director notifi parti undertak vacat subject provis exercis vote right attach sharehold divest place director hold seat vacat obtain behalf proxi respect seat presid board director cim sfdm point sfdm director seat vacat truste subject proxi issu truste case director question give proxi presid sfdm accord instruct truste ii exercis power invest peopl board seat gave proxi accord point complet task area signific sale asset payment dividend compani dissolut share issu increas reduct capit truste account protect financi interest notifi parti consult notifi parti matter commun confidenti inform condit primari oblig ensur compani question remain viabl entiti prejud iii truste request whichev totalfina elf group owner sharehold divest director board seat vacat pursuant present commit present entir part proceed gener sharehold meet meet board director request exercis time power invest condit commun confidenti inform compani question totalfina elf group iv event decis sale share sharehold approv sharehold put gener assembl sharehold board director totalfina group elf group whichev applic director repres direct truste posit adopt question particip gener assembl board director meet present question agenda part vote question accord rule establish articl associ compani question cim sfdm notifi parti hold presid board director cim sfdm posit manag director sfdm give prior approv act gener polici strateg decis supervis daili manag action carri presid board manag director compani question purpos ensur asset relev thereto manag manner preserv full econom competit commun confidenti inform notifi parti asset compani sharehold point decis relat commerci activ asset divest exist manag structur date effect divestitur asset question understood notifi parti ensur ongo administr technic manag asset payment salari regular technic inspect accord past practic supervis truste ii ensur asset question utilis ordinari trade accord past busi practic date effect divestitur iii ensur measur order inform asset question sensit competit standpoint commun notifi parti except inform divestitur asset condit accord commit iv gener ensur full econom competit asset preserv measur task gener verifi satisfactori complet present commit notifi parti case failur notifi parti carri commit time limit point truste charg take negoti interest parti purpos truste sell asset good faith price transfere approv commiss divestitur commit complet maximum period extend accord provis point notifi parti fail substanti respect commit commiss supplement truste task set earlier order provid truste possibl ensur commit respect notifi parti undertak provid truste reason assist inform execut task notifi parti make truste offic premis premis entiti subject present commit notifi parti hold regular meet truste timet agre order provid truste oral document form inform complet task request truste notifi parti provid truste access site divest task complet notifi parti request commiss allow discharg truste assign commiss requir reappoint truste appear commit complet carri ii substanc implement commit market network sale refin product depot logist substanc commit notifi parti undertak divest entir interest held btt jointli control subsidiari totalfina elf group share capit cpa owner holder interest depot cpa rouen normandi pari region cpa dunkerqu northern region stockbrest western region cpa saint priest rhône alp region se strasbourg entir interest held elf group share capit sfdm compani oper addit dmm pipelin depot sfdm dong sfdm la ferté alai sfdm vatri la chaussé sur marn sfdm saint baussant entir interest held elf group share capit cim owner depot cim le havr cim coignièr cim grigni entir interest directli held elf group share capit dp fo entir interest held elf group share capit fo import sharehold interest share capit dp fo compani fina port la nouvel fina nanterr interest share capit fina lorient interest held elf group share capit epl lyon interest held totalfina group share capit se strasbourg depot totalfina elf longer hold interest notifi parti undertak relinquish latest end truste mandat effect divestitur asset question seat held totalfina elf group board director cpa seat held elf group board director cim seat held totalfina elf group board director dp fo seat held totalfina group board director fina nanterr seat held totalfina group board director port la nouvel seat held totalfina board director fina lorient seat held elf group board director epl notifi parti undertak increas level represent totalfina elf board director concern result implement commit period date board seat vacat case alter total number seat board director compani question number seat held totalfina elf modifi due proport total round figur notifi parti undertak period date divestitur depot question solicit custom depot object present commit complet commit totalfina elf longer hold ownership interest order propos custom leas contract right passag depot own totalfina elf totalfina elf hold interest locat custom area depot present commit mean implement implement commit set notifi parti make refer common procedur add point notifi parti receiv decis approv merger approv inform document point consult oper franc interest acquisit part asset question provid technic environment contractu commerci financi data specif enabl make offer propos acquir part asset question subject approv commiss condit laid common procedur subject right consent pre emption provid articl associ cpa sfdm cim dp fo fo import epl se recal sfdm cim acquir divest asset approv relev govern commission author grant exploit right govern sfdm le havr port author cim iii substanc implement commit market network sale refin product pipelin finish product substanc commit notifi parti undertak divest entir interest held elf group share capit trapil entir interest held elf group share capit sfdm dmm pipelin oper compani entir interest held elf group interest held totalfina share capit spmr notifi parti undertak make date receipt decis approv merger propos gie groupement pétrolier de strasbourg gp offer access pipe own gp link odc spl oper area se bolloré propétrol make request capac limit pipe vote favour propos disagr utilis capac gp pipe put expert jointli appoint parti question absenc thereof commerci court strasbourg time make propos spl carri work open spl pipe order enabl oper identifi area transport product come odc make spl tank vote favour propos carri collect treatment contamin product site gp result traffic oper immedi complet work notifi parti undertak vacat latest end truste mandat date effect divestitur asset question seat board director trapil compris total seat board director spmr compris total seat held elf board director sfdm compris total notifi parti undertak increas level represent totalfina elf board director trapil spmr result implement abovement commit period date board seat vacat case alter total number seat board director trapil spmr number seat held totalfina elf modifi due proport total round figur mean implement implement commit set notifi parti make refer common procedur add detail notifi parti receiv decis approv merger approv inform document point common procedur consult oper franc interest acquisit part asset question provid technic environment commerci financi data specif enabl make offer candid acquisit part asset question subject approv commiss condit laid common procedur subject right consent pre emption provid articl associ trapil spmr sfdm agreement govern commission iv substanc implement commit market sale petrol motorwai substanc commit notifi parti undertak divest elf total fina servic station motorwai fall market definit provid commiss compris elf total fina station servic station object commit list annex hereto indic motorwai locat applic motorwai oper compani jurisdict station fall annual sale turnov petrol product date expiri exploit licenc mean implement mean implement commit set notifi parti refer common procedur add detail thereto notifi parti receiv decis approv merger approv inform document point consult oper common procedur franc interest acquisit asset divest notifi parti suppli oper interest purchas asset divest contractu environment commerci technic financi data specif relat servic station question order draw offer divestitur servic station complet assign valuabl consider exploit licenc grant motorwai oper instal fixtur equip machineri tool essenti oper personnel emploi directli point sale transfer servic station notifi parti specifi tangibl intang asset locat servic station question transfer asset relat intellectu properti right notifi parti brand asset softwar manag system order ensur establish effect long last competit notifi parti undertak propos purchas divest servic station transfer suffici number administr commerci account manag personnel number function condit transfer employe determin case case basi accord wish purchas number station acquir mean manag intend direct manag locat géranc agreement addit notifi parti undertak notifi purchas station possibl conclud temporari basi administr manag contract regard point sale question time set manag infrastructur notifi parti undertak conclud contract purchas request date effect transfer servic station question notifi parti undertak suppli station intern transfer price period sale price petrol station question fix truste basi platt quotat profit target determin view maintain viabil competit saleabl station notifi parti undertak inform transfere possibl allow holder totalfina gr eurotraf card elf credit pan card card maximum period date effect transfer servic station question divest station card accept date notif decis approv merger condit transfere oper card system sale petrol compet directli totalfina elf card compli manag principl relat card question establish contract subsidiari trd sa call centr de manag de transact monétiqu sa definit product servic provid card technolog financi administr commerci specif card system respons complaint invoic payment supplier debt collect process cost administr commerci financi procedur durat claus provid alloc compet transfere request notifi parti undertak conclud agreement purpos allow holder card question station divest maximum period date effect transfer servic station question extent long condit indent point remain fulfil notifi parti specifi influenc term condit sale petrol product transfer station mean card system station event condit take preced consequ result membership transfere card manag system card totalfina elf group dkv uta card divest station notifi parti undertak carri step point potenti purchas servic station capabl meet requir term condit consult regul impos motorwai oper compani result oper intend make purchas offer addit condit set common procedur capabl show direct indirect experi oper servic station network type offer made potenti purchas target singl station group station station subject present commit offer includ part propos exchang asset natur franc event receiv equival offer notifi parti reserv give prioriti offer cover entir network signific number station offer includ propos exchang asset order facilit complet commit offer acquir servic station includ proportion number station exploit licenc end notifi parti give prioriti offer station offer station includ oblig set preced sentenc notifi parti present purchas offer offer retain approv hand motorwai oper compani question hand leas holder manag locatair gérant concern case refus motorwai oper compani leas holder manag notifi parti propos swap servic station question servic station put forward approv potenti purchas made offer purpos notifi parti present duli document support request commiss notifi parti make contact french competit author commiss reject request write work dai receiv propos notifi parti consid accept event servic station swap notifi parti confirm station propos characterist station equival volum sale petrol equival turnov product similar date expiri exploit permit locat area prove imposs oblig make swap result motorwai oper compani refus approv offeror swap servic station affect econom competit initi propos transfere agreement motorwai oper question carri work requir transfer exploit licenc notifi parti held liabl delai implement work conclus divestitur agreement substanc implement commit market sale aviat fuel toulous blaganc lyon satola substanc commit notifi parti undertak divest interest held elf gat groupement pour avitail de toulous blagnac interest held elf gali groupement pour avitail de lyon satola mean implement regard mean implement commit set notifi parti refer common procedur add detail thereto notifi parti receiv decis approv merger approv inform document point consult oper refer common procedur franc interest acquisit part asset question notifi parti suppli oper interest purchas asset divest contractu environment commerci technic financi data specif relat membership gat gali order draw offer transfere fulfil object condit admiss provid articl associ gat gali vi substanc implement commit lpg market substanc commit notifi parti undertak divest sharehold held elf elf antargaz compani object market lpg respect lpg oper metropolitan area franc exclud present divestitur sharehold held elf antargaz subsidiari oper lpg sector metropolitan franc sharehold held elf antargaz behalf elf antar franc compani franc abroad activ lpg sector transfer share elf antargaz take effect notifi parti transfer exempt sharehold elf antar franc transfer subject prior approv truste consult commiss divestitur elf antargaz share addit asset compani directli own elf antargaz includ sharehold held elf antargaz compani franc gie norgal notifi parti prior divestitur put forward vote favour amend articl associ norgal purpos set articl rule current alloc capac norgal annex present commit notifi parti undertak continu pool contract establish purpos procur current sharehold norgal period date effect transfer depot transfere request norgal sharehold agreement admit transfere pool rhône gaz sa sigap ouest sarl wogeg sa gaz est distribut sa nord gpl sa gie floregaz midi pyréné gaz sa cobog sa notifi parti undertak carri period date effect transfer share common procur contract current sharehold cobog notifi parti undertak propos purchas share parti common procur contract request current sharehold cobog agre notifi parti undertak propos purchas share request suppli contract term condit totalfina group sp de quéven sp bu pari gie gpl bu gie groupement techniqu citern addit divestitur elf antargaz share elf sharehold compani respect lpg oper metropolitan area franc divest sobeg sa refil centr lacq nérac rodez bulk depot domèn held elf group geogaz sa held elf group geovexin sa held elf group addit notifi parti undertak vacat director seat held elf group board compani includ scope present divestitur time limit foreseen effect transfer asset accord condit common procedur implement commit notifi parti undertak solicit custom elf antargaz period start date receipt decis approv merger expir date divestitur elf group sharehold elf antargaz effect mean implement implement present commit notifi parti refer common procedur identifi add detail potenti purchas part asset subject approv commiss accord condit set common procedur notifi parti receiv decis approv merger consult oper refer common procedur franc interest acquisit part asset question notifi parti suppli oper interest purchas asset divest commerci technic financi data specif order draw offer event vitogaz intend acquir share elf antargaz notifi parti undertak oppos acquisit vitogaz transfere respect share elf antargaz notifi parti undertak divest sharehold vitogaz condit respect form time limit set agreement notifi parti sharehold vitogaz notifi parti point asset relat intellectu industri properti right belong notifi parti transfer sharehold question extent framework lpg activ elf antargaz metropolitan area franc except trade mark own utilis elf group proprietari manag softwar belong notifi parti grant transfere licenc trade mark emploi elf group lpg sector metropolitan area franc maximum period date divestitur effect event right relat intellectu industri properti own notifi parti transfer divest sharehold cover geograph area metropolitan area franc divestitur right subject grant transfere notifi parti royalti free licenc term intellectu industri properti divest allow notifi parti right metropolitan area franc notifi parti ensur long sharehold question transfer purchas elf antargaz manag separ saleabl entiti set manag account notifi manag elf antargaz compani manag independ basi supervis truste order guarante preserv profit market notifi parti undertak divestitur share elf antargaz effect inform purchas possibl conclud transit period maximum exclus suppli agreement purpos ensur purchas suppli period requir establish altern solut gt tabl gt annex structur norgal gt tabl gt