The investigation will scrutinise the potential impact of the deal on competition levels.
The Competition and Consumer Protection Commission (CCPC) has announced plans to conduct a thorough investigation into Maxol's proposed acquisition of Naas Fuels, which operates seven Circle K-branded stations in the Leinster region.
The investigation will scrutinise the potential impact of the deal on competition levels among service stations and its implications for consumers.
The CCPC, mandated to safeguard competition, assesses mergers and acquisitions to ensure competitive markets that encourage fair pricing and product/service quality improvements.
Maxol, a seller of oil and petroleum products, owns a network of 243 Maxol-branded retail motor fuel service stations across Ireland, while Naas Fuels operates seven Circle K-branded stations.
The proposed acquisition, notified to the CCPC in December 2023, prompted a preliminary investigation resulting in the decision for an in-depth inquiry to ascertain if the purchase could significantly reduce competition in the State.
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