StatoilHydro To Acquire EU Jet Fuel Stations

The European Commission informs that it has now opened a detailed Phase 2 review of the proposed StatoilHydro acquisition of ConocoPhillips' JET fuel stations in Denmark, Norway and Sweden.

Norway's StatoilHydro and ConocoPhillips have been cooperating with the Commission before notification and during the preliminary Phase 1 investigation.

Both parties say they look forward to continuing to work with the Commission to resolve any competition concerns and to closing this transaction as soon as is possible.

A detailed review normally lasts up to 90 working days.