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OFT accepts Shell’s undertakings to resolve Rontec acquisition concerns

By  |  July 12, 2012

The U.K. Office of Fair Trading (OFT) has accepted Shell UK Limited’s undertakings to resolve concerns arising out of Shell’s acquisition of 253 gas stations from Rontec. An investigation by the OFT had revealed a realistic possibility of fuel price increases as a result of the acquisition in 12 areas: Guildford, Brenzett, Ewood, Ickenham, Great Barr, Stopsley, Fleet, Addlestone, Ducklington, Broughton and Grovebury.

The undertakings call for Shell selling six retail fuel sites and six auto-liquefied petroleum (auto-LPG) gas sites. The OFT had inserted Flogas UK Limited as an upfront buyer for the auto-LPG sites because of the likelihood of too few buyers.

The OFT accepts Shell’s undertakings in lieu of a referral to the Competition Commission.

Full content: OFT Press Release

 

Related content: Corporate Counsel Corner: Shell’s Anne Riley

 

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