The Latvian Competition Council imposes fines on fuel dealers for the late notification of a merger (LUKoil Baltija R / Akselss)

The CC fines Fuel Dealers for Unnotified Merger* On 12 March, the Competition Council (CC) fined fuel dealers – SIA LUKoil Baltija R and SIA Akselss – for not submitting a merger notification timely. Both undertakings secretly operated as one undertaking since December, 2010, while a merger notification to CC was submitted only in early 2015. In accordance with the Competition Law, in case of significant mergers the permission

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Latvian Competition Authority, The Latvian Competition Council imposes fines on fuel dealers for the late notification of a merger (LUKoil Baltija R / Akselss), 18 March 2015, e-Competitions Bulletin Energy & Mergers, Art. N° 72192

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