April 6 (SeeNews) - Romania's competition authority said on Monday that it has approved the agreed lease of six fuel stations owned by Romanian fuel stations chain Aral M.T.B by Azerbaijan's national oil company SOCAR.
"Following a review of the transaction, the Competition Council found that it does not raise significant obstacles to effective competition in the market, in particular by establishing or strengthening of a dominant position," the anti-trust body said in a statement.
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The six fuel distribution stations which are located in Arad, Timișsand Sibiu counties are to be operated by Socar based on a ten-year lease.
Socar Petroleum S.A., a company belonging to the Socar group, currently owns a network of 44 national gas stations in Romania.