Press Release: Mergers: Commission clears StatoilHydro’s proposed acquisition of Jet Scandinavia, subject to conditions

The European Commission approved under the EU Merger Regulation the proposed acquisition of ConocoPhillips' network of 'Jet' fuel stations in Scandinavia by StatoilHydro of Norway following an in-depth investigation opened in May 2008. To gain approval, StatoilHydro has committed to divest all 40 'Jet' fuel stations in Norway and a network of 158 fuel stations in Sweden operating under the 'Jet', 'Hydro' and 'Uno-X' brands. In the light of this commitment, the Commission concluded that the proposed transaction would not cause competition concern in the European Economic Area (EEA) or any substantial part of it.