EU Restarts Inquiry Of StatoilHydro-Jet Deal

Law360, New York (July 24, 2008, 12:00 AM EDT) -- The European Commission has reportedly restarted its detailed investigation of StatoilHydro ASA's plan to purchase 274 of ConocoPhillips Co.'s Jet petrol stations across Scandinavia.

Various news reports on Thursday stated that the EC had temporarily suspended its probe of the proposed deal as it awaited information needed to evaluate the case, but has once again resumed its investigation.

The EC has requested further information about the deal, and plans to set a provisional deadline for the investigation once it receives the details, according to the commission's...
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