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Europe Daily Bulletin No. 8386

25 January 2003
Contents Publication in full By article 22 / 38
GENERAL NEWS / (eu) eu/competition
Commission clears ENI's acquisition of Fortum Petroleum

Brussels, 24/01/2003 (Agence Europe) - The European Commission has authorised the Italian energy company ENI to acquire, for the sum of EUR 420 million, the Norwegian oil company Fortum Petroleum (annual turnover EUR 295 million). While ENI is present at every level in the energy provision and distribution chain, Fortum Petroleum limits its activities to the exploration of oil and gas, to the production of natural gas from the Norwegian continental plateau and to the transport of natural gas...

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