Brussels, 08/03/2013 (Agence Europe) - On 8 March, the European Commission gave the go-ahead to the acquisition by Cypriot oil, gas and coal trader Mercuria Energy Group Ltd and Chinese petrochemicals company China Petrochemical Corporation (Sinopec) of Dutch oil and biodiesel storage depot company Vesta Terminal B.V., which has storage depots at the ports of Antwerp (Belgium), Flushing (the Netherlands) and Muuga (Estonia). The Commission investigated the overlaps between Vesta's business and the petrochemicals trading business of Mercuria and Sinopec, deciding that the deal did not raise any competition concerns because the volumes of petrochemicals stored by Vesta are marginal compared with the volume of products sold by the other two companies. The deal was examined using the normal merger control procedure. (FG/transl.fl)