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EU Clears Trafigura’s Acquisition of Biofuels Giant Greenergy

EU Clears Trafigura’s Acquisition of Biofuels Giant Greenergy

The European Commission has approved the proposed acquisition of the European business of UK-based biofuels producer Greenergy by commodities trading giant Trafigura. Following a review of the proposed transaction under the EU Merger Regulation, the Commission concluded that the deal would not raise competition concerns, because the companies would have a limited combined market position resulting from the deal.   Trafigura announced it March that it had agreed to acquire Greenergy’s European business from Brookfield…

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