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Europe Daily Bulletin No. 9774

4 November 2008
Contents Publication in full By article 14 / 33
GENERAL NEWS / (eu) eu/competition
Authorisation given for Galp to buy Exxon shares in Spain and Portugal

Brussels, 03/11/2008 (Agence Europe) - On Friday 31 October, the European Commission cleared the purchase by Galp Energia of Portugal of a distribution network from US group ExxonMobil in Spain and Portugal, on condition that it divest itself of certain assets.

The transaction, which was announced in April, concerns 130 service stations and sales of LPG and aircraft fuels, amounting to total annual sales of petroleum products of approximately one million tonnes. The proposed transaction as...

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