European Commission Approves Acquisition of Chevron Denmark by Total – Statement

European Commission Approves Acquisition of Chevron Denmark by Total – Statement
# 08 March 2019 23:27 (UTC +04:00)

 The European Commission on Friday cleared the acquisition of Chevron Denmark, a subsidiary of US energy giant Chevron, by French energy company Total, the commission’s press service said in a statement,ONA reports citing Sputnik.

"The European Commission has approved, under the EU Merger Regulation, the acquisition of Chevron Denmark Inc. by Total … Commission concluded that the proposed acquisition would not raise competition concerns. On the market for upstream wholesale supply of gas, the Commission found that the merged entity would not have an increased market power," the statement read.

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THE OPERATION IS BEING PERFORMED