Brussels, 31/08/2007 (Agence Europe) - On Thursday 30 August, the European Commission approved the creation of a joint venture by BP plc and Associated British Foods Plc ("ABF"), both of the United Kingdom. Given the limited overlap of the parties' activities, the Commission found that the proposed transaction is not likely to affect competition in the European Economic Area (EEA) or any substantial part of it.
The joint venture will design, construct and operate a bio-ethanol plant in the...