Horizontal and vertical effects: The European Commission conditionally clears the takeover of a retail and wholesale fuels business in Denmark (Statoil Fuel / Shell)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. By decision of 23 March 2016, the European Commission has approved, subject to important commitments, the acquisition of sole control of Dansk Fuels (Shell), Shell's Danish wholesale and retail fuel business, by Statoil Fuel and Retail (³cSFR³d). Relevant markets The markets concerned by the operation are located at several levels of the value chain. Firstly, they are wholesale markets for several refined petroleum products where Dansk Fuels and SFR are simultaneously active. The Commission takes the previously adopted market definitions and considers that there are as many wholesale markets as there are refined product markets, i.e. in this case the