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BP, Shell to get EU go-ahead for German deals.
Byline: Victorya Hong in Brussels
BRUSSELS -- BP plc and Royal Dutch/Shell Group are set to secure European Union regulatory approval Wednesday for two separate petrochemical deals in Germany after offering concessions to address EU antitrust concerns.
But the two deals face separate hurdles in Germany itself.
Approval from the European Commission, the EU's executive arm and antitrust regulator, would close detailed investigations into BP's $5.8 billion acquisition of E.ON AG's Veba Oel/Aral subsidiary and Shell's purchase of DEA, a unit of utility company RWE AG, for an undisclosed price.
The Commission studied the deals in tandem because …
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