German Regulator Halts Total Gas Station Deal

Law360, New York (April 29, 2009, 12:00 AM EDT) -- Citing a consumer market for gasoline and diesel fuel that is already unfavorable to competition, Germany's competition watchdog on Wednesday blocked oil giant Total SA's planned acquisition of 59 service stations in eastern Germany.

Total, along with BP PLC, ConocoPhillips, Exxon Mobil Corp. and Royal Dutch Shell PLC, controls large swaths of the country's gasoline and diesel markets and, according to Wednesday's interim report by Germany's Federal Cartel Office, more consolidation would further hinder competition.

The gas stations currently are owned by OMV, Austria's largest fuel...
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