Viva Energy’s (ASX:VEA) proposed acquisition not opposed
The ACCC won’t oppose the proposed acquisition of the remaining 50 per cent interest in Liberty Oil Holdings wholesale business by Viva Energy Australia, a wholly owned entity of Viva Energy Group (ASX:VEA).
Viva and Liberty are both wholesalers and retailers of fuel products.
The ACCC found that the proposed acquisition is unlikely to substantially lessen competition in the wholesale supply of fuel products.
Shares in Viva Energy Group (ASX:VEA) are trading -1.09 per cent lower at $1.81.
Copyright 2019 – Finance News Network
Source: Finance News Network
