Application filed with the Competition Authority: Fuel giant is being sold

Following the sale of oil giant BP's 770 fuel stations and licensing rights in Turkey—where it has operated for over 100 years—to Petrol Ofisi, Zeren Group has applied to the Competition Authority to acquire all of Alpet.

Don't leave your news choices to an algorithm - decide for yourself what you read. Add 12punto to your preferred sources! Don't leave your news to an algorithmYou decide which source to read; add 12punto to your preferred sources.

Application filed with the Competition Authority: Fuel giant is being sold

Following the announcement that Petrol Ofisi had signed a share purchase agreement to acquire BP's fuel operations in Turkey, another acquisition news has emerged from the fuel sector.

According to the report in Ekonomim, Zeren Group, which entered the banking sector by acquiring T-Bank, has applied to the Competition Authority to purchase Alpet, which belongs to Altınbaş Holding.

IT HAS 250 STATIONS

In the statement made on the institution's official website, it was announced that the process for the acquisition of the entirety of Altınbaş Petrol ve Ticaret Anonim Şirketi by Zeren Group Yatırım Holding Anonim Şirketi has begun.

If the Competition Authority grants approval, Zeren Group will take over the entirety of Alpet, which has 250 stations.

News Source: 12punto