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Policy & Regulation

Brussels gives green light to Equinor’s takeover of Danske Commodities

The European Commission has cleared Equinor Refining Norway’s acquisition of Danish independent energy trader Danske Commodities
By Staff reporter 10 December 2018 Europe & Russia / Policy & Regulation 0 33611

The European Commission has cleared Equinor Refining Norway’s acquisition of Danish independent energy trader Danske Commodities, the commission said on Monday.

Danske specialises in the physical and financial trading of power and gas, while Equinor Refining Norway is part of the Equinor Group. Equinor reached an agreement in July to buy 100% of the shares in Danske Commodities for €400 million ($456.6 million), with smaller contingent payments depending on its performance over the next few years.

“The Commission concluded that the proposed acquisition would...