SOFIA (Bulgaria), March 25 (SeeNews) – Bulgaria's competition regulator said on Tuesday it gave the go-ahead to locally-registered fuel retailer NIS Petrol to acquire 11 petrol stations from OMV Bulgaria, Bultrance Oils and Light Commerce.
NIS Petrol is a wholly-owned subsidiary of Serbian oil and gas company NIS [BEL:NIIS], which in turn is majority-owned by Russia's Gazprom Neft.
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The deal is expected to increase competition on Bulgaria's fuel retail market to the benefit of end-users, the Commission for Protection of Competition said in a statement.
The petrol stations which NIS Petrol will acquire are located in the capital Sofia, the towns of Stara Zagora, Burgas, Bansko, Haskovo, Velingrad, Ruse, Parvomai and Dimitrovgrad, and the villages of Kostievo and Krepost.
The value of the deal was not disclosed.