Maxol Notifies CCPC of Possible Purchase of Naas Fuels service stations

The Irish Examiner has reported that the competition watchdog has said it will look into a deal proposed by Maxol to purchase Naas Fuels service stations.

Naas Fuels owns seven service stations in Leinster and the Competition and Consumer Protection Commission (CCPC) is set to examine how the potential deal will affect levels of choice in the market.

“Certain mergers and acquisitions may reduce competition in a market, for example by creating or strengthening a dominant player,” said the watchdog.

Maxol, as a significant player in the forecourt market in Ireland, notified the CCPC of its intention to acquire Naas Fuels last December.

Maxol is a subsidiary of Maxol Energy, which forms part of the McMullan Bros company owned by the McMullan family.