EU gives go-ahead for Aegean trade

The EU Commission has approved commodity trader's acquisition of Greek bunker company Aegean, which has been under bankruptcy protection under Chapter 11 since November last year.

Photo: Aegean Marine Petroleum

The acquisition of the Greek bunker company Aegean Marine Petroleum Network by the US commodity trader Mercuria Energy Group has been approved by the EU Commission.

"The Commission concluded that the proposed transaction would raise no competition concerns as the companies have a limited position in the markets where their activities overlap," writes the EU Commission in a press release.

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