A PYMNTS Company

Sweden/Netherlands: Oil product merger would eliminate competition, says EU

By  |  March 26, 2013
Sweden/Netherlands: Oil product merger would eliminate competition, says EU

The European Commission has reportedly launched an investigation into the acquisition of a Netherlands naphthenic base oil company by a rival Swedish company, sparked from the realization that the transaction would eliminate all competition in the market. Joaquin Almunia said in a statement that Sweden-based Nynas AB has proposed to buy out a Dutch-based Royal Dutch Shell refinery. The companies produce oil that is used for making industrial grease, ink and adhesive, among other products. Almunia stated that the Commission will review the case to ensure that prices for consumers are not unjustly increased.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: Fox Business

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.