The European Commission said Thursday it has approved the creation of a joint venture between US-based Corteva (CTVA) and the UK's BP (BP) that will focus on the production and supply of seeds, oilseeds, crude vegetable oil and sustainable aviation fuel.
The Commission said the deal does not raise competition concerns due to its negligible activity in the European Economic Area and limited combined market share.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments