By Edith Hancock
European Union antitrust regulators started an initial review of Spanish energy company Repsol's joint venture with U.S.-headquartered agribusiness Bunge.
The European Commission, the European Union's competition regulator, set a Feb. 21 deadline to decide whether to clear the deal or open an in-depth investigation, according to a regulatory filing published Wednesday.
Repsol and Bunge revealed plans to form a biofuel joint venture in March that would have the energy company buy a 40% stake in three of Bunge's Iberian sites for up to $340 million. The companies said at the time that the deal would give Repsol greater access to low-carbon intensity feedstocks to produce renewable fuels.
Write to Edith Hancock at edith.hancock@wsj.com
(END) Dow Jones Newswires
January 23, 2025 04:48 ET (09:48 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。