The European Commission approved on Friday Royal Dutch Shell`s $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor.
`The Commission concluded that the proposed acquisition would not raise competition concerns. because of its limited impact on the market structure.` the Commission said in a statement.
Shell welcomed the `important milestone` toward the completion of the deal which is expected in the second half of this year.
Tags Europe European Commission France International International Companies International News Agency International Organizations Market North Sea Reuters International News Agency Royal Dutch Shell
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