The EU General Court upholds the Commission’s rejection of a proposed purchaser of divested petrol stations in a merger between two leading oil companies (TotalFina / Elf)

"Merger control: main developments between 1st May and 31st August 2003"* This judgement finds that the Commission did not go beyond the limits of its discretionary power in assessing whether the applicants could be accepted as buyers of certain assets in the course of divestitures on which a decision to allow a merger was conditioned. The refusal to accept the applicants as buyers was therefore upheld by the Court of First Instance (CFI). By a decision adopted 9 February 2000 the Commission approved the proposed merger between TotalFina and Elf pursuant to

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Ulrich von Koppenfels, John Gatti, Mary Loughran, The EU General Court upholds the Commission’s rejection of a proposed purchaser of divested petrol stations in a merger between two leading oil companies (TotalFina / Elf), 3 April 2003, e-Competitions Bulletin Energy & Mergers, Art. N° 38436

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