The European Commission said Thursday that it has approved, under the EU Merger Regulation, the proposed acquisition of sole control over ESSO Germany Business of Germany by EG Group of the UK.
ESSO Germany is active in the retail sales of motor fuels via a nationwide network of fuel stations located in Germany. EG Group is a holding company operating under the “EG” brand, the Commission said in a press release. The latter is active in the operation of fuel stations with ancillary backcourt convenience retail, car wash, fast food, restaurant, and hotel offerings in the UK, Belgium, France, Luxembourg, and the Netherlands.
The Commission said the EC concluded that under a simplified merger review procedure, the proposed transaction would raise no competition concerns because the two companies do not compete in the same geographic markets.