EU Hands Review Of €246M Shell Sale To Greek Gov't

Law360, New York (March 16, 2010, 1:26 PM EDT) -- The European Commission has agreed to let Greece's competition regulator handle the review of Motor Oil Corinth Refineries SA's proposal to buy Royal Dutch Shell PLC's Greek fuel and bitumen businesses for nearly €246 million ($338 million).

Because the proposed deal would affect only Greece and could have significant implications for that country's oil markets, the European Union antitrust regulator decided Tuesday that the Hellenic Competition Commission was best suited to consider the acquisition.

Shell agreed to sell its Greek oil businesses to Motor Oil in...
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