Bayerngas Energy Trading GmbH - Consent to transfer a gas shipper licence to Bayerngas Energy GmbH
Decision
Publication date
CONSENT TO TRANSFER
SECTION 8AA GAS ACT 1986
Whereas
A. Bayerngas Energy Trading GmbH (“the transferor”) is the holder of a gas shipper licence (“the Licence”) granted under section 7A(2) of the Gas Act 1986 (“the Act”) on 03 September 2009.
B. Section 8AA of the Act provides that a gas shipper licence may be transferred by the licence holder –
(i) with the consent of the Gas and Electricity Markets Authority (“the Authority”); and
(ii) subject to any term of the licence relating to its transfer.
C. Paragraph 2 of Part 1 of the licence provides that the licence is subject to transfer in accordance with Act, the special conditions or the conditions.
D. The transferor has applied to the Authority for its consent to transfer the licence to Bayerngas Energy GmbH (company registration number HRB 163683), (“the transferee”).
E. The transferee has satisfied the Authority as to the criteria set out in section 8AA(6) of the Act;
F. The Authority gave notice to the Health and Safety Executive under section 8AA(7)(a) of the Act on 03 August 2016 and no objection was received within the period of the notice;
G. The Authority gave notice under section 8AA(9) of the Act of its intention to consent to the transfer of the licence on 03 August 2016 and no objection was received within the period of notice.
Consent to transfer
With effect from 05 October 2016 the Authority, pursuant to section 8AA(1) of the Act, consents to the transfer of the whole of the licence to the transferee.
The Official Seal of the Authority hereunto affixed is authenticated by:
Lesley Nugent
Authorised in that behalf by the Gas and Electricity Markets Authority