EU Greenlights Shell Refinery Sale Despite Early Worries

Law360, New York (September 3, 2013, 4:22 PM EDT) -- The European Commission on Monday backed off its concerns that the sale of one of Shell Deutschland Oil GmbH's industrial oil plants to Nynas AB would reduce competition, concluding the sale was the only way to keep the facility from closing.

The European Union's antitrust watchdog had initially worried that if Shell sold some of its refinery assets based in Harburg, Germany, to the Swedish oil refiner, it would leave only one company making naphthenic base and process oils, as well as transformer oils, in the...
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