Glencore/Fincoenergies Merger Notification - Simplified Procedure Candidate

EC Competition Cases

Published March 10th, 2026

Detected March 25th, 2026

Summary

The European Commission has published a prior notification for the concentration between Glencore and Fincoenergies (Case M.12300). This case is considered a candidate for the simplified procedure, indicating it is likely to raise fewer competition concerns.

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What changed

This document serves as a prior notification of a concentration between Glencore and Fincoenergies, identified as Case M.12300. The European Commission has designated this case as a candidate for the simplified procedure, which is typically applied to mergers that are unlikely to significantly harm competition.

For regulated entities, this notification signifies the initiation of a review process for a merger. While the simplified procedure suggests a lower likelihood of significant competition issues, companies involved in M&A activities should be aware of such notifications and the potential for review by competition authorities. No immediate compliance actions are required for external parties based on this notice, but it highlights ongoing merger control activities within the EU.

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Prior notification of a concentration (Case M.12300 – GLENCORE / FINCOENERGIES) – Candidate case for simplified procedure

PUB/2026/261

OJ C, C/2026/1516, 10.3.2026, ELI: http://data.europa.eu/eli/C/2026/1516/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

ELI: http://data.europa.eu/eli/C/2026/1516/oj

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| | Official Journal
of the European Union | EN

C series |

| | C/2026/1516 | 10.3.2026 |
Prior notification of a concentration

(Case M.12300 – GLENCORE / FINCOENERGIES)

Candidate case for simplified procedure

(Text with EEA relevance)

(C/2026/1516)

On 3 March 2026, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1). This notification concerns the following undertakings:

| — | Glencore plc (‘Glencore’, Jersey), |

| — | FincoEnergies B.V. (‘Finco’, Netherlands), ultimately jointly controlled by Coloured Finches B.V. (Netherlands) and Pontex Investment Partners (Netherlands). |
Glencore will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Finco.

The concentration is accomplished by way of purchase of shares.

The business activities of the undertakings concerned are the following:
| — | Glencore is a global natural resource company active as a producer and marketer of a broad range of commodities. In the energy segment, Glencore is active in the purchase and sale of crude oil, oil products, natural gas, liquefied natural gas, power and environmental products, |

| — | Finco is a fuel supplier and wholesaler primarily active in the Netherlands and Germany, providing fuel trading and fuel distribution services, principally to commercial end-users and other wholesalers in the transport sector. |
3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission. Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.12300 – GLENCORE / FINCOENERGIES

Observations can be sent to the Commission by email or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:

(2) OJ C 160, 5.5.2023, p. 1.

ELI: http://data.europa.eu/eli/C/2026/1516/oj

ISSN 1977-091X (electronic edition)

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