In view of transmission networks and petrochemicals, the European Commission plans to open an in-depth competition investigation of Austrian oil and gas group OMV's bid to take over Hungarian peer MOL. MOL BU has resisted the takeover since the summer of 2007, when OMV first indicated its plans. OMV has asked the Commission to clear the bid but EU competition regulators must first verify that the deal would not harm competition.
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Tuesday, March 04, 2008
Investigation of OMV-MOL deal by European Commission
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