The Irish consumer watchdog has launched a full investigation into forecourt operator Circle K’s acquisition of nine forecourts and convenience shops in Ireland from retail group Pelco.
The deal, which involves seven premises in Dublin and one each in counties Meath and Westmeath, was announced in July. As with all such acquisitions, it is subject to approval from the Competition and Consumer Protection Commission (CCPC).
Under competition law the CCPC must assess certain mergers and acquisitions in order to prevent harmful effects on competition. In doing so, it considers the potential impact on consumers, such as changes to price, consumer choice, quality and innovation.
Circle K Ireland is active in the retail sale of motor fuels, owning and operating service stations, forecourt convenience stores and general convenience stores across the island of Ireland.
Following a preliminary investigation, the CCPC has decided that “a full investigation is needed” to establish whether allowing the purchase to go ahead will result in a substantial lessening of competition in the State.
Should the deal get the green light, the expansion would increase the total number of Circle K locations in Ireland to 419 and stores from 168 to 177.
The 142 staff employed at the various locations would become employees of Circle K, increasing its total headcount in Ireland to 2,574.
PHOTO ABOVE shows Ciara Foxton, managing director of Circle K Ireland. Full story at Watchdog to probe Circle K acquisition of Pelco forecourts and shops – The Irish Times
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