DCC acquisition of Total distribution assets approved
Britain’s competition commission has provisionally cleared DCC’s acquisition of oil distribution assets previously owned by Total in Britain. The commission, which is expected to publish its final report in September, decided the deal would not result in a substantial lessening of competition in the oil distribution market in Britain.
DCC agreed to buy the assets from Rontec Investments last September in a deal worth €67 million. The assets include a home heating oil distribution business as well as Total’s service station businesses on the Isle of Man and the Channel Islands.
The regulator said customers with large load requirements, such as stations, would continue to have a range of supply options.
DCC has welcomed the provisional findings.