DCC deal cleared by UK authority
The UK’s competition commission has provisionally cleared business services group DCC’s acquisition of certain 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 the home heating oil distribution business Total Butler, the share capital of Total’s oil distribution as well as its retail service station businesses on the Isle of Man and the Channel Islands.
In its finding, the Competition Commission said customers with large load requirements, such as service stations, would continue to have a range of supply options.
DCC today welcomed the commission’s conclusion in its provisional findings.