| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/06/495 (12.4.06) |
| Publication Date | 12/04/2006 |
| Content Type | News |
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The European Commission on 12 April 2006 adopted a formal decision under EC Treaty competition rules which rendered commitments entered into by REPSOL to open up its long term agreements with service stations legally binding. REPSOL was to free hundreds of service stations from long-term exclusive supply contracts. This was to bring a wider choice and scope for reduced prices to the benefit of the consumer. The Commission had been investigating whether REPSOL’s supply contracts violated EC Treaty rules on restrictive business practices (Article 81) but had now closed its investigation in the light of the commitments submitted by REPSOL. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/06/495&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Internal Markets |
| Countries / Regions | Spain |
