EC approves MOL acquisition of ENI units in Hungary, Slovenia
The European Commission said today that it has cleared the acquisition of ENI Hungaria and ENI Slovenija by Hungarian oil and gas company MOL, Hungarian news agency MTI reported.
Although the EC noted some overlaps of MOLʼs and ENIʼs businesses in Hungary and Slovenia, it said the acquisition would raise no competition concerns “given the small increments brought by ENI Hungaria and ENI Slovenija and the remaining strong competitors in the affected market”.
MOL announced the acquisitions last fall.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.