12/06/2014 (Agence Europe) - Mergers: Acquisition of SHELL Italia and SHELL Italia Aviazione by Kuwait Petroleum given go-ahead. The European Commission says the deal does not raise competition concerns because of the parties' limited market shares and the presence of competitors. Netherelands-based Kuwait Petroleum Europe (KPE) is the holding company for the majority of the assets of Kuwait Petroleum Corporation (KPC) in Europe and KPC's investments in the Far East. Kuwait Petroleum Italia (KPI) is the Italian subsidiary of KPE. It refines and distributes petroleum products in Italy and sells motor, marine and aviation fuels, lubricants and heating oil. Shell Italia sells motor fuels at retail level and manages the supply and distribution of motor fuels through its retail network. Shell Aviazione markets aviation fuels and holds interests in joint ventures that provide into-plane services and aviation fuel storage. (EL)