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Article: COMMISSION SCRUTINISES EXXON-MOBIL LINKS WITH OTHER OIL COMPANIES.
- Article from:
- European Report
- Article date:
- June 5, 1999
CopyrightCOPYRIGHT 1999 Europe Information Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The European Commission is shortly expected to announce that it has started a full-scale investigation into US oil firm Exxon's proposed takeover of fellow American oil major Mobil in a USD86.8 billion (Euro 81.586 billion) transaction that will create the world's biggest publicly-traded oil company. And already it has confirmed that the investigation is likely to scrutinise the two firms' links with other oil companies and their natural gas activities in Germany and the Netherlands, a senior Commission source said. Upon recommendation from the Merger Task Force, the Commission can impose conditions on the two companies such as forcing them to sell assets or even block ...