EU OKs Repsol YPF's buy of Shell LPG

By OGJ editors

HOUSTON, Mar. 04 -- The European Commission has approved Repsol YPF's $130-million purchase of LPG assets in Portugal held by Shell Gas (LPG) SA and two subsidiaries, Spelta in Madeira and Saaga in Azores.

The deal includes two bottling plants and other commercial assets.

This transaction makes Repsol YPF, Madrid, the third-ranked operator of LPG sales in Portugal and has increased the firm's market share to 21%.