Bulgaria: Shell requested five petrol stations takeover, SEE Energy News
Fuel retailer Shell Bulgaria has filed a request for the approval of the takeover of five petrol stations in the country, said Bulgarian Commission for Competition Protection (CPC). The current owner of said petrol stations has not been disclosed In a statement from the regulator.
Last year, Shell Bulgaria obtained CPC’s approval for the acquisition of four petrol station which operated under its brand, but were owned by local company Litex Commerce. The statement from the regulator said that the said acquisition will not result in the establishment or strengthening of a dominant position on the local market. It also does not lead to a change of the entity which currently controls the filling stations, since Shell Bulgaria will continue to operate them already as an owner. Shell entered the Bulgarian market in 1991. The company currently has a network of around 100 petrol stations, of which it directly owns 80, while the rest are subject to franchise agreements.
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