CEPSA TAKEOVER APPROVED BY THE EUROPEAN COMMISSION
October 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Commission has cleared France gas and petroleum company Total's takeover of Spain-based gas, oil and petrochemical production firm Compañía Española de Petróleos (Cepsa), which focuses on the Spanish and Portuguese markets. Brussels fast-tracked the merger approval, as it considers the deal does not pose competition problems for the European Union's energy sector.
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THE EUROPEAN Commission has cleared France gas and petroleum company Total's takeover of Spain-based gas, oil and petrochemical production firm Compañía Española de Petróleos (Cepsa), which focuses on the Spanish and Portuguese markets. Brussels fast-tracked the merger approval, as it considers the deal does not pose competition problems for the European Union's energy sector.
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