European Commission approves Rosneft-GE joint venture

The European Commission approved the creation of a joint venture between Rosneft (through its subsidiary Sibintek) and General Electric to focus on industrial IoT and digital solutions for the Russian oil and gas industry.

“The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over a joint venture based in Russia by General Electric Company (GE) of the US and Rosneft Oil Company”tass.com

• 1 source
• tass.comEuropean Commission approves creation of Rosneft-General Electric JV - Business & Economy - TASSApr 6, 2018

Summarized from public sources; check the original articles before acting on it.