DESFA operates the high-pressure pipeline grid and a LNG terminal in Greece
The European Commission said on July 16 that the EC has approved, under the EU Merger Regulation, the acquisition of DESFA of Greece by Snam of Italy. DESFA operates the high-pressure pipeline grid and a liquefied natural gas (LNG) terminal in Greece. Snam is the main gas transmission system operator in Italy.
According to the Commission, the proposed acquisition would raise no competition concerns, because the companies are not active in the same geographic area.
The transaction was examined under the normal merger review procedure, the Commission said.
You may be interested
Enjoy the traditional Greek loukoumadesPanos - Dec 06, 2019
According to Greek tradition, Loukoumades are made over the Christmas period and served on special Feast Days, as during the…
800 Ancient Roman amphorae confirm 6th AD shipwreck off Akrotiri-Dreamers Bay in CyprusPanos - Dec 06, 2019
The discovery of 800 Roman amphorae dating to the end of the 6th or the 7th century AD and scattered…
The Greek island teacher who goes to school by dinghyPanos - Dec 06, 2019
When 27-year-old Despina Anthoulaki applied last summer for the position of substitute teacher, she could not imagine that this year…