The European Commission said on March 13 that it has approved under the EU Merger Regulation the proposed acquisition of Geoplin by Petrol, both of Slovenia. Geoplin’s activities concern the supply, trade and related services in the natural gas market. Petrol is active in retail and wholesale of petroleum products, sales of commercial goods and natural gas. It provides both electricity and natural gas to final consumers.
The Commission said in a press release that its investigation focused on the markets for downstream wholesale supply of gas and retail supply of gas in Slovenia. The Commission said it concluded that the proposed acquisition would raise no competition concerns.
On the gas wholesale market, the Commission found, among other things, that the parties’ customers already source, or are planning to source, gas directly from the Central European Gas Hub located in Austria.
In addition, there are no constraints on interconnection capacity between Slovenia and neighbouring Member States. On the gas retail market, the Commission found that there are a number of alternative suppliers available to customers and that the transaction will have a limited impact on the retail gas supply market structure in Slovenia.