Mubasher: The European Commission on Monday announced that it has approved the Kuwaiti Public Investment Authority’s (PIA) acquisition of UK’s North Sea Midstream Partners (NSMP), an oil and gas pipeline firm.

NSMP owns natural gas transportation and processing assets in and around the UK North Sea, Kuwait News Agency (KUNA) reported.

EU said that the proposed takeover would raise no completion concerns, noting that there are no horizontal overlaps between the activities of both firms.

The acquisition’s value wasn't disclosed.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.