Lukoil's to Buy Fuel Company Samara
OREANDA-NEWS. December 07, 2007. The Federal Antimonopoly Service (FAS Russia) approved the petition of "LUKOIL-AERO" Ltd. and LUKOIL Aviation Bulgaria EOOD on buying 100% voting shares of "Fuel Company-Samara" CJSC ("TKZ-Samara" CJSC), reported the press-centre of FAS Russia.
FAS Russia established that "TKZ-Samara" CJSC has dominant position on the market of aviation fuel in the airport of Samara. Purchasing 100% voting shares of "TKZ-Samara" CJSC by "LUKOIL-AERO" Ltd. and LUKOIL Aviation Bulgaria EOOD ("LUKOIL-AERO" Ltd. - 99.9988% and LUKOIL Aviation Bulgaria EOOD - 0.0012%) can lead to competition restriction on the market of aviation fuel in the city.
Governed by Clause 2 Part 1 Article 23 and Clause 4 part 2 Article 33 of the Federal Law "On Protection of Competition", FAS Russia issued a determination to "LUKOIL-AERO" Ltd. requesting it to prevent actions that can restrict competition.
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