The EU Commission approves the acquisition of a German oil and petrochemicals company by an Anglo-Dutch oil company subject to behavioural and structural remedies (Royal Dutch / Shell / DEA / RWE)

"Merger Control: Main developments between 1st September 2001 and 31st December 2001"* On 21 December 2001 The Commission approved the acquisition of the German oil and petrochemicals company DEA, which belongs to the RWE group, by Royal Dutch/Shell (UK/NL), and the combination of the petrochemicals businesses of Britain’s BP Plc and German company Veba, a subsidiary of the E.ON group after conducting a parallel investigation into the two cases. The two operations would have led to the creation of a collective dominant position of Shell/Dea and BP/Veba on the market for ethylene on the pipeline network «ARG«, which links the Netherlands, Belgium and Germany. The commitments offered by all parties were, however, sufficient to rule out these concerns. The two transactions together lead

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Authors

  • DG COMP (Brussels)
  • Financial Conduct Authority (London)

Quotation

Carina Joergensen, Neil Marshall, The EU Commission approves the acquisition of a German oil and petrochemicals company by an Anglo-Dutch oil company subject to behavioural and structural remedies (Royal Dutch / Shell / DEA / RWE), 21 December 2001, e-Competitions December 2001, Art. N° 38975

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