OW Bunker, Bergen deal gets European OK

The European Commission has approved the acquisition of Bergen Bunkers AS by O.W. Bunker & Trading A/S, European news outlet Europolitics reports.

OW Bunker, which is based in Denmark and controlled by private equity firm Altor Fund II, announced in October that it planned to acquire Bergen Bunkers.

Under the agreement, Bergen will retain its name and operate as a subsidiary of its new parent company. When the deal was announced, OW Bunker said the move would strengthen the company's operations in Scandinavia.

OW Bunker has announced a number of expansion efforts in recent months, including adding new offices in the U.S. and China and new physical supply operations in the Gulf of Mexico.

OW Bunker has a fleet of more than 30 vessels and does business in 24 countries, handling 8 percent of the global bunker market, according to its website.