Probe restarts into Austro-Hungarian battle
Digg
del.icio.us
Facebook
Reddit
Google
Stumble Upon
Fark
Newsvine
YahooBuzz
Bebo
Twitter
Independent Minds
The European Commission has relaunched its competition investigation into a possible $20bn (£10bn) hostile takeover by OMV, the Austrian energy major, of Mol, its Hungarian peer.
Competition Commissioner Neelie Kroes suspended the investigation on 5 May after OMV had failed to produce enough information on the potential overlap of petrol station ownership between the companies.
This is one of several potential Central Europe monopolies that the commission is understood to have identified.
However, OMV has since provided the necessary details, and Ms Kroes is understood to have ordered officials at the end of last week to start looking at the deal again.
Offensive or abusive comments will be removed and your IP logged and may be used to prevent further submission. In submitting a comment to the site, you agree to be bound by the Independent Minds Terms of Service.
- Print Article
- Email Article
-
Click here for copyright permissions
Copyright 2009 Independent News and Media Limited
