European Commission - Daily News
Brussels, 26 January 2016
The European Commission has approved under the EU Merger Regulation the acquisition of Topaz Energy Group Limited, Resource Property Investment Fund Plc. ("RPIF") and Esso Ireland Limited, all of Ireland, by Alimentation Couche-Tard Inc. ("ACT") of Canada.
ACT is a worldwide convenience store operator primarily active in the European Economic Area (EEA) through its petrol station network in Norway, Sweden, Denmark, Poland, Latvia, Lithuania and Estonia. Topaz supplies motor fuels, lubricants, heating oil and aviation fuel to retail and wholesale clients in Ireland and in Northern Ireland. RPIF holds investments in a number of Topaz's properties including service stations and depots. Esso Ireland is active in the retail and wholesale supply of fuel products in Ireland. The companies' activities overlap only for the wholesale supply of lubricants in the EEA.
The Commission concluded that the proposed acquisition would raise no competition concerns given the companies' moderate positions on this market. The 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.7899.
(For more information: Ricardo Cardoso – Tel. +32 229 80100; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)