EUBusiness.com: EU Commission approves Repsol’s acquisition of Shell Portugal assets
14 September 2004
The European Commission said Tuesday it had approved the acquisition by Spain’s Repsol YSF of most of the Portuguese products and businesses belonging to Anglo-Dutch oil giant Shell.
The executive arm of the European Union determined that the transaction would not raise competition concerns since other large and capable players compete in the market.
It said the new entity would face competition from Portugal’s Galp, BP PLC, Cepsa, Exxon Mobil Corporation and a number of independent companies.
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