EU Sets Deadline for Provisional Repsol, Bunge Joint Venture Review

Dow Jones

Jan 23, 2025

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)

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