The EU Commission authorizes, subject to commitments, the acquisition of a German oil and petrochemicals producer, holding that the change from joint to sole control does not give rise to competition concerns (BP / Veba Oel)

"Merger Control: Main developments between 1st May 2002 and 31th August 2002"* The European Commission authorised BP Plc’s proposed acquisition of the whole of German oil and petrochemicals producer Veba Oel, currently a joint venture between BP and E.ON. The Commission concluded that the change from joint