Shell Acquisition Under Study by Regulators

©image: Superintendencia de Competencia

The Directive Council of the SC is performing technical, judicial and economic studies on this request for economic concentration. This arises from the acquisition by Salvadoran company "Inversiones Petroleras de El Salvador, S.A. de C.V." of 100% of the shares of "Distribuidora Shell de El Salvador, S.A" and the acquisition on behalf of Panamanian corporation "Petróleos de El Salvador, S.A." of the shares of "Refinería Petrolera Acajutla, S.A. DE C.V" owned by "Shell Overseas Holding".

Salvadoran company "Inversiones Petroleras" will acquire the totality of the shares of "Distribuidora Shell".

"The SC may approve, negate or impose conditions on a request for economic concentration. This will depend on the effect this operation may have on free competition", explained José Enrique Argumedo, President of the Directive Council of the Competition Superintendence.

Source: Superintendencia de Competencia (El Salvador)

More on this topic

El Salvador: Concentration Levels Under Review

April 2011

The country's competition regulator is evaluating four requests for local companies to be purchased in the communication, pensions and trade sectors.

The four requests received by El Salvador's competition regulator (SC in Spanish) are:

- América Móvil purchase of Digicel

Grupo Calleja Looks At Buying Almacenes Europa

January 2012

The Salvadoran Superintendence of Competition has received a request by Calleja SA, owner of Súper Selectos, to buy Almacenes Europa.

The request, which will be reviewed by the Board of the Superintendency of Competition (SC), was presented on January 2nd and is for the purchase of the five of sales outlets belonging to Europa SA, owner of Almacenes Europa and Hiper Europa.

Claro Submits New Application for Purchase of Digicel

April 2012

Claro has submitted a new request to the Superintendency of Competition (SC) in El Salvador for authorization to buy Digicel.

The SC has received a new request for authorization of economic concentration on the part of America Movil, owner of the Claro brand, to purchase all the shares belonging to Digicel.

Puma Accepts Conditions for ESSO Purchase

February 2012

Puma Energy has agreed to the terms established by the Governing Board of the Superintendency of Competition in El Salvador, complying with the proposed requirements in order for the merger to be authorized.

The Puma Energy Company has accepted and carried out the ex-ante condition established by the Board of Directors of the Superintendency of Competition (SC).