North Macedonia’s Securities and Exchange Commission (SEC) has given the green light to fuel storage company Oilko KDA to proceed with its planned takeover of fuel retailer Makpetrol. The approval, announced on Tuesday, marks a significant development in the country’s energy sector.
Makpetrol, a prominent player in the local fuel retail sector, has seen its shares trade at an average price of 65,500 denars on the Macedonian Stock Exchange (MSE) as of Monday, according to the latest available data. This suggests that Oilko’s offer presents an attractive opportunity for Makpetrol shareholders to realize a favorable return on their investment.
The uniqueness of this takeover bid has the potential to reshape the dynamics of the energy market in North Macedonia.
The proposed acquisition is expected to undergo further scrutiny and evaluation by both regulatory authorities and shareholders before its completion. However, if successful, it could pave the way for enhanced operational efficiencies, expanded market reach, and increased competitiveness for the combined entity.
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