Brussels is prepared to embrace new actors in Europe’s energy market as the European Commission has given the green light for Azerbaijan’s state energy giant SOCAR to acquire Italiana Petroli, one of Italy’s largest integrated downstream energy platforms. The approval covers a 99.82% stake in the company, in a deal first signed in September 2025 but only recently cleared by EU regulators as having no competitive concerns.
The post SOCAR wins European Commission approval for Italian takeover first appeared on The South Caucasus News – SouthCaucasusNews.com.
