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COMPETITION COUNCIL ALLOWS UAB BALTIC PETROLEUM TO ACQUIRE CONTROL OF A PETROL STATION

12 12 2013

On December 12, the Competition Council (the Council) allowed UAB Baltic Petroleum to acquire the control of a pertol station in Vilnius, Kalvariju st. 161a.

UAB Baltic Petroleum is engaged in the retail trade of oil products (fuel) and the retail trade in non-specialised stores.

Having evaluated all the circumstances related to the merger, the Council acknowledged that the intended merger will not create or strengthen the dominant position, or significantly restrict competition in the relevant markets.

Notes

(1) Mergers (Concentrations) are cases when two independent undertakings merge or when one undertaking gains control over another. As these changes may restrict effective competition in a relevant market, mergers involving firms that exceed turnover limits established in the Law on Competition must be cleared by the Council. The Council authorises only such mergers that will not have significant adverse effects on the conditions of competition.

(2) Control means any rights arising from laws or transactions that entitle a legal or natural person to exert a decisive influence on the activity of an undertaking, including the right of ownership to all or part of the assets of the undertaking or the right to use all or part of such assets; other rights which confer a decisive influence on the decisions or the composition of the undertaking’s personnel.

Competition Council Spokesperson