LONDON (Reuters) - The European Commission approved on Friday Royal Dutch Shell's (L:RDSa) $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor.
"The Commission concluded that the proposed acquisition would not raise competition concerns, because of its limited impact on the market structure," the Commission said in a statement.
Shell welcomed the "important milestone" toward the completion of the deal which is expected in the second half of this year.
