A PYMNTS Company

OFT accepts Shell’s undertakings to resolve Rontec acquisition concerns

By  |  July 12, 2012
OFT accepts Shell’s undertakings to resolve Rontec acquisition concerns

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.