European Commission - Daily News
Brussels, 2 February 2016
The European Commission has approved under the EU Merger Regulation the acquisition of Ruhr Oel GmbH (ROG) of Germany by BP p.l.c. of the United Kingdom.
BP is a global energy player active across the entire crude oil and natural gas value chain. ROG is active in the refining and ex-refinery sales of refined oil products. The companies' activities overlap for ex-refinery sales of industrial solvents. Furthermore, a vertical relationship arises from BP's wholesale supply of crude oil that can be used as an input for ROG's refining and ex-refinery sales of refined oil products.
The Commission concluded that the proposed acquisition would raise no competition concerns given the companies' moderate positions and the number of strong competitors active on these markets.The transaction was examined under the simplified merger review procedure.
(For more information: Ricardo Cardoso – Tel. +32 229 80100; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)