CMA to look into MFG takeover of 228 petrol stations
 
Thu, 30th October 2014
 
 

CMA to look into MFG takeover of 228 petrol stations

The completed takeover of 228 petrol stations trading under the Murco brand is set to be investigated by the Competition and Markets Authority.

In August, St Albans-headquartered Motor Fuel Group (MFG) announced it had bought almost 450 Murco petrol stations in a deal thought to be worth about £200m.

The stations were bought from Murco Petroleum Ltd from Motor Fuel Ltd.

The deal consisted of 228 forecourt sites and contracts to supply a further 226 sites owned and operated by third parties.

The petrol stations were sold by US parent Murphy Oil as it exited a number of businesses in the UK.

MFG, which is backed by private equity firm Patron Capital Partners, said the deal would add another 228 company stations to its network and a 200-plus dealer network to the group.

On 1 October, MFG confirmed that the deal was completed, making the group the UK's second-largest independent petrol filling station operator.

The CMA said today it will now consider whether the deal will result in the creation of a relevant merger situation under the Enterprise Act 2002 and, if so, whether it will result in a lessening of competition within the petroleum sector in the UK.

The deadline for comments is 11 November and a final decision is expected to be made on 22 December 2014.

 
 
category Central and East  |  source Insider Media