The Hellenic Competition Commission unanimously approves merger in the oil products and lubricants market (Motor Oil / Cyclon)

On December 2, 2013 the Hellenic Competition Commission (hereinafter: HCC) unanimously approved the acquisition of a controlling stake in CYCLON HELLAS S.A. (hereinafter: CYCLON) by MOTOR OIL HELLAS S.A. (hereinafter: MOH). MOH is a Greek company mainly active in the markets of oil refining; production of heating oil, diesel, maritime fuel, basic oils for lubricants, asphalt, gas and gasoline; wholesale and retail of oil products in Greece and abroad; production, wholesale and retail of lubricants; energy; chemicals; maritime. CYCLON is also a Greek company mainly active in the production and sale of basic oils and lubricants in Greece and abroad; wholesale and retail of fuel and oil; management of storage facilities for oil products; oil waste recycling; sale of aviation fuel. The

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Lia Vitzilaiou, The Hellenic Competition Commission unanimously approves merger in the oil products and lubricants market (Motor Oil / Cyclon), 2 December 2013, e-Competitions Bulletin Energy & Mergers, Art. N° 68840

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