CASE COMMENT: MERGERS - MAVERICK - REMEDIES

Maverick: The European Commission clears the acquisition of network of fuel stations in Scandinavia by a large integrated oil and gas company subject to the divestment of a large number of fuel stations, because of the risk of the disappearance of the most efficient low-cost operator (StatoilHydro / ConocoPhillips)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. EC Commission, 21 October 2008, StatoilHydro / ConocoPhillips, Case COMP/M.4919 In March 2007 the Commission had cleared the merger between Statoil and Norsk Hydro in the first phase and without conditions (Case COMP/M.4545), thus giving an easy blessing to this marriage between two oil and gas heavyweights. In March 2008, StatoilHydro notified a proposal to acquire a network of service stations. Not even a genuine network of service stations, but machines or vending machines, since these were exclusively automated stations, with market shares of less than 5 % in Denmark and Norway and between 10 and 20 % in Sweden. However, this second operation was

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Jean-Mathieu Cot, Alice Blanchet, Maverick: The European Commission clears the acquisition of network of fuel stations in Scandinavia by a large integrated oil and gas company subject to the divestment of a large number of fuel stations, because of the risk of the disappearance of the most efficient low-cost operator (StatoilHydro / ConocoPhillips), 21 October 2008, Concurrences N° 2-2009, Art. N° 25942

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