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Article: Cartel office approves deals. (Europe).(Germany)(Brief Article)(Statistical Data Included)
- Article from:
- NPN International
- Article date:
- March 1, 2002
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Germany -- In December, the German cartel office approved the petrol-station joint venture between RWE AG's RWE-DEA and Deutsche Shell and BP PLC's acquisition of a 51 percent stake in E.ON AG's Veba Oel AG under certain conditions, said Ulf Boege, president of the cartel office.
"The companies in order for the deals to be approved have guaranteed to decrease their market share below the level of a combined market domination through selling petrol stations," he said. "Further conditions make sure that particularly the supply of petrol to independent petrol-station operators will be secured in the future."
Boege said there are about 16,000 petrol ...