Royal Dutch Shell Plc  .com Rotating Header Image

EU Refers Motor Oil’s Buy Of Shell Assets To Greek Regulator

THE WALL STREET JOURNAL

MARCH 15, 2010

BRUSSELS (Dow Jones)–The European Commission said Monday it has referred Motor Oil Corinth Refineries SA’s (MOH.AT) acquisition of 720 gas stations in Greece owned by Royal Dutch Shell PLC (RDSB.LN) to the Greece antitrust authority.

The commission said the deal would affect only the Greek market and so the Greek regulator was best suited to examine it.

As part of the EUR246 million deal, Motor Oil Corinth Refineries is also buying a liquified petroleum gas distributor and a lubricants plant from Shell.

Since becoming Shell’s chief executive last year, Peter Voser has announced divestment plans in the company’s refining and marketing branch. He wants to reduce Shell’s refining capacity by 15%, or around 600,000 barrels a day, over a three-year period.

-By Adam Cohen and Benoit Faucon, Dow Jones Newswires; +322 741 1486; [email protected]

WSJ ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.