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Europe Daily Bulletin No. 8246

3 July 2002
Contents Publication in full By article 17 / 50
GENERAL NEWS / (eu) eu/competition
BP may take over exclusive control of Veba Oel

Brussels, 02/07/2002 (Agence Europe) - The European Commission has authorised BP to acquire all the capital of the German company for petroleum and petrochemical products, Veba Oel, held at 51% by BP since 2001 and 49% by the German energy group E.ON. Originally, E.ON held 100% of Veba Oel capital. Then, BP acquired 51% of the company, a move that had been authorised by the Commission subject to commitments on the part of BP (see EUROPE of 28 December, p.9). The Commission examined whether...

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