A spokeswoman for one of the committees said that only the Norwegian national oil company will submit all the information requested by the committee to the committee.
The European Commission considered that this transaction will limit competition in the Swedish and Norwegian areas for the automotive fuel retail market and conducted an in-depth review of the transaction.
The spokeswoman also stated that the Committee’s decision to suspend investigations dates back to May 26, when Statoil had already submitted deadlines for submission of relevant information.
In September 2007, the Norwegian national oil company expressed its desire to acquire Conoco's JET gas stations in Norway, Denmark and Sweden, but did not disclose the specific transaction amount.
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