Mergers: Commission clears acquisition of certain aviation fuel assets belonging to ExxonMobil by WFS
European Commission - Daily News
Brussels, 29 June 2016
The European Commission has approved under the EU Merger Regulation the acquisition of certain aviation fuels businesses located at 25 airports in the European Economic Area and belonging to ExxonMobil by WFS, both of the US.
ExxonMobil is active in the exploration, production and sale of crude oil and natural gas, and the refining and marketing of petroleum products. WFS is a global fuel logistics, transaction management and payment processing company, principally engaged in the distribution of fuel and related products.
The Commission concluded that the proposed acquisition would raise no competition concerns because it has a limited impact on the market structure. More information is available on the Commission's competition website, in the public case register under the case number M.7965.
(For more information: Ricardo Cardoso – Tel.: +32 229 80100; Giulia Komel – Tel.: +32 229 61175)
Source: Europa.eu (Copyright European Commission)