The Cyprus Commission for the Protection of Competition (CPC) has launched a full-scale investigation into the acquisition of ExxonMobil Cyprus Limited’s share capital by Petrolina through Med Energywise Ltd.
According to an official announcement, the decision was made during the Commission’s meeting on September 10, 2025, following a review of the relevant report by the CPC Service. The Commission concluded that the merger raises concerns regarding its compatibility with competitive market operations, as it may significantly affect key petroleum markets both horizontally and vertically.
The Commission stated that these concerns relate to specific markets at both horizontal and vertical (or neighboring) levels.
Full story Petrolina–ExxonMobil Deal Triggers Full-Scale Competition Probe in Cyprus
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