Viva Energy’s LOC Acquisition Approved with Conditions

Viva Energy Group Ltd. (AU:VEA) has released an update.

Viva Energy Group Ltd. is set to acquire the remaining 50% of LOC Global after the ACCC approved the transaction, contingent upon the divestiture of 14 retail fuel sites to Solo Oil Corporation. This move aims to maintain market competition and prevent potential price increases, as outlined by the ACCC’s stipulation. The acquisition will further Viva Energy’s reach across Australia’s fuel retail market while ensuring Solo remains a competitive player.

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