BRUSSELS (dpa-AFX) - The European Commission on Friday said it has approved the acquisition of BP's aviation fuel business (of the United Kingdom) by World Fuel Services Corporation (WFS) (of the United States), under the EU Merger Regulation.
WFS provides aviation, marine and ground transport fuel products and related services worldwide. BP's aviation fuel business supplies aviation fuel at the airports of Copenhagen Kastrup in Denmark as well as at the Swedish airports of Stockholm Arlanda, Gothenburg Landvetter and Malmö.
The Commission concluded that the proposed acquisition would not raise competition concerns because of the moderate combined market positions resulting from the transaction. BP committed to divest this business to gain Commission clearance of its merger with Statoil Fuel and Retail Aviation in December 2014. The transaction was examined under the simplified merger review procedure.
Copyright RTT News/dpa-AFX