The EU Commission approves the formation of a joint venture between two oil companies combining their European activities in the refining and marketing of fuels and lubricants (BP / Mobil)

"Mergers - Summary of the most important recent developments"* On 7th August 1996, the Commission approved the proposed formation of a joint venture between BP and Mobil which combines their European activities in the refining and marketing of fuels and lubricants. BP and Mobil will combine their fuels and lubricants businesses throughout Europe by means of partnerships (or their local equivalent) in each national jurisdiction. The equity stakes in the partnerships will be different for fuels and lubricants. For fuels, BP will hold 70% and Mobil 30%, whilst for lubricants Mobil will hold 51%

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Kristin Schreiber, Heiner Bruhn, The EU Commission approves the formation of a joint venture between two oil companies combining their European activities in the refining and marketing of fuels and lubricants (BP / Mobil), 7 August 1996, e-Competitions Bulletin Energy & Mergers, Art. N° 39531

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