The Portuguese Competition Authority clears the acquisition of a port’s bulk liquid terminal business, further to an in-depth investigation on the impact of such operation in the fuels market at national level (Galp/Sines Bulk Liquid Terminal)

On 26 June 2008, the Portuguese Competition Authority (hereinafter, the “AdC”) adopted a merger control decision in accordance with Law 18/2003 of 11 June (the Portuguese Competition Law), which approved the proposed acquisition by GALP Group (“GALP”) of the Port of Sines' bulk liquid terminal business (via a public service concession). This concentration operation was filed before the AdC, after the award by the Port Authority of Sines (hereinafter, the “APS”) of the public service concession to GALP. This concession was granted following the relevant public bidding procedure initiated by the APS, the related exploitation rights being awarded to GALP for a maximum period of 30 years. GALP is the leading operator of oil products in Portugal, an integrated oil and natural gas group of

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Joaquim Caimoto Duarte, Tânia Luísa Faria, The Portuguese Competition Authority clears the acquisition of a port’s bulk liquid terminal business, further to an in-depth investigation on the impact of such operation in the fuels market at national level (Galp/Sines Bulk Liquid Terminal), 26 June 2008, e-Competitions June 2008, Art. N° 21393

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