The German Competition Authority clears a merger in the energy market with remedies, including the divestment of gas stations, a stake in a refinery, and a three year obligation to supply third parties with aviation fuel (BP / E.ON)

The operation On 27 July 2001, BP plc (BP) notified the European Commission of its intention to purchase (via its German affiliate Deutsche BP AG) 51% of Veba Oel AG (Veba Oel) which was a wholly owned subsidiary of E.ON AG (E.ON). On the request of the German Federal Cartel Office (FCO) the European Commission derogated the merger to the FCO on 6 September 2001, based on Article 9 of EC Regulation n° 4064/89 [1] . BP mainly operates in the following markets: production of crude oil and petroleum gas; operating refineries; production and sale of mineral oil products; petrochemical products; and solar energy. E.ON produces and sells energy, gas, water, chemical products, mineral oil products and it also provides services in the areas of telecommunications and real estate.

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  • E.CA Economics (Berlin)

Quotation

Michael Rauber, The German Competition Authority clears a merger in the energy market with remedies, including the divestment of gas stations, a stake in a refinery, and a three year obligation to supply third parties with aviation fuel (BP / E.ON), 19 December 2001, e-Competitions Bulletin Energy & Mergers, Art. N° 25734

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