AFX Europe (Focus): EU refers Shell, Cepsa aircraft refuelling jv to Spanish regulators: “In a statement, the commission explained its competition concerns. It said the companies are both providers of jet fuel to the aircraft refuelling market and once they have the joint venture, they could push out other petroleum providers.” (ShellNews.net) 24 Nov 04
BRUSSELS (AFX) - The European Commission said it is referring the aircraft refuelling joint venture being established by Shell Espana and Cespa to the Spanish competition authorities.
The Spanish competition authorities asked to rule on the joint venture, which will supply services at airports on the Spanish mainland and the Balearic Islands, as it has no impact outside of Spain.
In a statement, the commission explained its competition concerns. It said the companies are both providers of jet fuel to the aircraft refuelling market and once they have the joint venture, they could push out other petroleum providers.
Shell and Cepsa were obliged to notify the deal to the commission as it meets the thresholds in EU merger regulation.
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