22/10/2021  h. 02:45   
   Overview   |  
Mergers: Commission clears acquisition of Pester Marketing by Phillips 66 and Fortress Investment Group

05/01/2021 | Economy |  Daily News 04 / 01 / 2021

 Source: European Commission Spokesperson's Service  



The European Commission has approved, under the EU Merger Regulation, the acquisition of Pester Marketing gas station and convenience store business (‘Pestering Marketing’) by Phillips 66 Company (‘Phillips 66’) and Fortress Investment Group LLC (‘Fortress’), all of the U.S. Pester Marketing owns and operates service stations selling motor fuel and daily consumer goods in the Rocky Mountain, Southwest and Mid-West regions of the U.S. Phillips 66 processes, transports, stores and markets fuels and products globally. Fortress is a global investment and asset management firm. The Commission concluded that the proposed acquisition would raise no competition concerns, because Pester Marketing has no actual or foreseen activities within the territory of the European Economic Area. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.10089.


Share: 
Wikio OkNotizie Del.icio.us! Google! Facebook! Technorati! Upnews.it


Last news - All topics
Economy
  Speech by President von der Leyen at the European Parliament Plenary on the rule of law crisis in Poland and the primacy of EU law
19 October 2021
Courses & Conferences
  Sportsystem Economic Observatory at Villa Zuccareda Binetti Montebelluna -TV
15 October 2021
Sport
  Generation 2026 - Sport powered by youth and education
15 October 2021
Events
  President Pozza's speech at the Loyalty to Work and Economic Progress Ceremony
19 October 2021
Et cetera
  Members Day
19 October 2021