Romania’s Competition Council has approved the acquisition of NIS Petrol by Romanian company Argenta, removing a regulatory obstacle to NIS’s planned withdrawal from the Romanian market.
The decision comes as pressure continues over the Serbian oil group’s Russian ownership. NIS agreed in July to sell its entire stake in the Romanian subsidiary, though the buyer’s identity was not disclosed at the time.
The Romanian business operates 19 petrol stations. Its activities extend beyond fuel retailing into onshore oil exploration, field development, crude production and wholesale trading in petroleum products. The transaction therefore covers downstream distribution assets alongside operations connected to Romania’s upstream oil industry.
The competition authority concluded that the acquisition would not create a significant threat to market competition. While the deal could result in a vertically integrated structure, the regulator identified no direct overlap between the companies’ activities. It also found that market positions remained below the 30% threshold used for assessing potentially affected markets.
Full story Romania Competition Council clears NIS Petrol acquisition by Argenta - Power Trading News Europe
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