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Shell: EU green light for three-way joint venture
(CercleFinance.com) - The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture (Northern Lights JV DA) by Equinor, A/S Norske Shell and TotalEnergies EP Norge AS.
The transaction mainly concerns the transportation and subsequent permanent offshore storage of liquefied carbon dioxide (CO2) from industrial emitters. The Commission concluded that the notified transaction would not raise competition concerns, as the companies are not active on the same or vertically related markets. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
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