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Image header Agence Europe
Europe Daily Bulletin No. 8891
Contents Publication in full By article 25 / 49
GENERAL NEWS / (eu) eu/competition

17/02/2005 (Agence Europe) - The European Commission has cleared the acquisition of joint control of Uhambo Oil Limited (JV South Africa, a newly created company constituting a joint venture) by Petroliam Nasional Berhad (Petronas) of Malaysia and Sasol Limited of South Africa. Petronas is 100% owned by the Malaysian Government and like Sasol, is active in a large number of oil and gas sectors. The proposed operation will combine the parent companies' activities for the refining, marketing and distribution of liquid fuels and lubricants at the retail, commercial and wholesale levels in sub-Saharan Africa. The operation was examined under the simplified merger review procedure.

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