Brussels, 22 November 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of OIL! Tankstellen GmbH (‘OIL!’) of Germany by Prax Limited (‘Prax’) of the UK.
The transaction relates primarily to the retail sale of motor fuels and complementary products through fuel stations.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11284.
Source – EU Commission