Tag Archive for 'BASF'

Commission Clears Acquisition of German and Dutch Gas Supply and Storage Joint Ventures by Gazprom

Applying the EU Merger Regulation, the European Commission has cleared a proposed acquisition of (i) joint control over WINZ and Wintershall Services of the Netherlands and (ii) sole control over Wingas and WIEH of Germany by the Russian energy company Gazprom, saying it had no competition concerns. The acquisitions by Gazprom are part of an asset swap between BASF SE and Gazprom aimed at expanding BASF’s production of oil and gas in Russia and Gazprom’s gas trading and storage business in Europe.

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