Glencore / Fincoenergies Merger Cleared Under EU Merger Regulation (Case M.12300)
Summary
The European Commission (DG Competition) issued a non-opposition decision in Case M.12300, clearing Glencore's proposed acquisition of Fincoenergies under the EU Merger Regulation. The Commission found that the notified concentration would not raise competition concerns in the European Economic Area. The decision was issued on 10 April 2026.
What changed
The European Commission issued a formal non-opposition decision clearing Glencore's acquisition of Fincoenergies under Council Regulation (EC) No 139/2004 (EU Merger Regulation). The Commission's review found that the concentration would not significantly impede effective competition in the EEA or any substantial part of it.
For the merging parties, the clearance means the transaction can proceed to closing without behavioral or structural remedies. Competitors in the energy trading and commodities sectors should note the Commission's assessment of market dynamics and competitive conditions, which may inform expectations for future transactions in this space.
What to do next
- Monitor for any subsequent Commission requests or investigations
- Proceed with merger closing subject to other regulatory approvals
Archived snapshot
Apr 10, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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Non-opposition to a notified concentration (Case M.12300 – GLENCORE / FINCOENERGIES)
C/2026/2127
OJ C, C/2026/2130, 10.4.2026, ELI: http://data.europa.eu/eli/C/2026/2130/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/2026/2130/oj
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| | Official Journal
of the European Union | EN
C series |
| | C/2026/2130 | 10.4.2026 |
Non-opposition to a notified concentration
(Case M.12300 – GLENCORE / FINCOENERGIES)
(Text with EEA relevance)
(C/2026/2130)
On 25 March 2026, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:
| — | in the merger section of the ‘Competition policy’ website of the Commission (https://competition-cases.ec.europa.eu/search). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |
| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32026M12300. EUR-Lex is the online point of access to European Union law. |
(1) OJ L 24, 29.1.2004, p. 1.
ELI: http://data.europa.eu/eli/C/2026/2130/oj
ISSN 1977-091X (electronic edition)
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