- December 13, 2018
- EU Commission
Mergers: Commission clears acquisition of Danske Commodities by Equinor Refining Norway
The European Commission has approved, under the EU Merger Regulation, the acquisition of Danske Commodities A/S of Denmark by Equinor Refining Norway AS of Norway. Danske Commodities is an independent trading house, specialising in physical and financial trading of electricity and gas. Equinor Refining Norway is part of the Equinor Group, whose business activities consist principally of worldwide exploration, production, transportation, refining and marketing of petroleum and petroleum-derived products, gas and other forms of energy.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the companies' moderate combined market positions in the business activities where their activities overlap, as well as their moderate individual market positions where their activities are vertically linked. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission's competition website, in the public case register under the case number M.9067