EU clears Eni to buy Europe retail stations from Exxon Mobil
The European Commission Tuesday cleared Eni SpA to buy 102 gasoline stations in the Czech Republic, Slovakia and Hungary from a unit of ExxonMobil.
The commission said the deal wouldn't create antitrust problems. In a deal agreed to on April 27, Eni Spa said it would buy ExxonMobil's retail station network in the three countries and its aviation business at the Prague and Bratislava airports for an undisclosed sum. The deal also includes ExxonMobil's lubricants business in the Czech Republic, Slovakia and Hungary. (Esso Hungaria, Esso Ceska and Esso Slovensko sell motor fuel in Hungary, the Czech Republic and Slovakia.) ExxonMobil will continue to operate its chemicals business in the region.
Eni is Italy's biggest oil and natural gas company by volume. It has been expanding its operations in central Europe as part of a strategy to tap into the region's fast-growing economies. (marketwatch.com)
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.