European Union regulators stepped up an antitrust investigation into StatoilHydro ASA's proposed purchase of three Conoco Phillips units that sell motor fuels in Scandinavia.
The EU's antitrust authority said in a statement from Brussels today that it will review the transaction for 90 working days and make a ruling by Sept. 18. The proposed deal was already the subject of a five-week EU inquiry.

StatoilHydro, Norway's largest oil company, said on Sept. 19 that it agreed to buy 274 JET automated service stations in Scandinavia from Houston-based ConocoPhillips. A price for the transaction hasn't been disclosed. ... Read full article