Statoil and Hydro have received clearance from the European Commission
for the announced merger between Norsk Hydro
ASA's petroleum activities and Statoil ASA.
The European Commission has declared that the merger is compatible with the common market pursuant to Article 6(1)(b) of the EC Merger Regulation.
The clearance represents a major step forward for Statoil and Hydro in order to complete the planned merger.