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Shell given EU approval for First Utility acquisition


The European Commission has given its approval for the Shell Petroleum Company (Shell) acquisition of First Utility. In December, Shell released a statement that said it will buy 100 per cent of independent energy provider, First Utility. It said at the time that the deal was set to complete in early 2018, subject to “regulatory and other approvals”. The EU Commission said in a statement: “The European Commission has approved, under the EU Merger Regulation, the acquisition of Impello Limited by the Shell Petroleum Company, both of the UK. Impello is an independent energy supplier to household customers in the UK and Germany, active under the brand First Utility.” FULL ARTICLE

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