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Europe Daily Bulletin No. 8598

4 December 2003
Contents Publication in full By article 37 / 39
GENERAL NEWS / (eu) eu/competition
Go-ahead to total takeover of Scanraff

Brussels, 03/12/2003 (Agence Europe) - The European Commission has cleared the acquisition by the Swedish oil company, Preem, of the 25% stake held by Norsk Hydro in the Swedish refinery, Scanraff. The refinery was previously a joint venture between Preem (75%) and Norsk Hydro (25%). The Commission has examined the operation and considers that the transition from joint control to total control will not bring any change to the competitive situation on the market where there are large rival...

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