The Superintendence of Competition "authorized the request presented by Uno El Salvador S.A. de C.V. for the acquisition of two gas stations in Santa Ana and La Libertad."
From the Superintendence of Competition statement:
March 5, 2019.The Board of Directors of the Superintendence of Competition (CDSC) authorized the application filed by Uno El Salvador S.A.
Through its petroleum division Uno Costa Rica Terra Group bought seven service stations from the Costa Rican Grupo Colono.
Uno Costa Rica, the petroleum division of the Honduran Terra Group, has purchased seven services stations operated by the Costa Rican group Colono in Limon and Alajuela. The amount of the transaction has not been revealed.
This was confirmed by Uno from Honduras and "Victoria Velasquez, director of the Commission to Promote Competition, at the Ministry of Economy, Industry and Commerce (MEIC), responsible for approving or denying transactions of mergers and acquisitions in the country."
The Swiss oil company has completed the takeover of the assets of Exxon Mobil in Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
The Exxon Mobil assets to be transferred to Puma Energy include 300 service stations, two refineries, the addition of three terminals, two airports and a marine bunker fuel supply which supplies 20% of the regional market, all of which involves managing a 20 million barrels of oil per year.
The transnational has completed its purchase of Chevron gas stations, which operate under the Texaco brand name.
The transaction is worth over $30 million, said Cairo Amador, Executive Director at the National Institute for the Promotion of Competition, Procompetencia.
El Nuevo Diario consulted the director who said: "The transaction (the purchase of Texaco) was just completed last week, but I understand that is the first part because there is still a review period, which involves looking at all the terms and conditions imposed on that transaction. "
The Superintendency for Competition in El Salvador has agreed to hear a resubmitted economic concentration application by Puma Energy.
A press release from the Superintendency for Competition (SC) states:
The Board (CD in Spanish) of the SC is considering a new economic concentration application by Puma Energy for the acquisition of shares in Esso Standard Oil’s El Salvador Subsidiary, Servicios Santa Elena and part of the Acajutla Petroleum Refinery.
The Superintendency of Competition in El Salvador has declared an application for economic concentration between PUMA and ESSO inadmissible, on the grounds of failure to submit complete information.
A press release from the Superintendency of Competition (SC) reads:
This inadmissibility does not mean that the merger request has been denied, but if they wish to merge, the companies must begin the process again.
The purchase of Shell's Salvadoran operations by Honduras' Grupo Terra could become official in March.
Representatives from the Salvadoran fuel distribution industry explained that the only step remaining is the approval of the Competence Superintendence (SC). This entity has until March 9 to comply.
"Since December 2009, the SC has been reviewing documentation provided by Shell and Grupo Terra.
The Honduran company won the competition for Shell's distribution network in Guatemala, Nicaragua and Honduras.
The sale was confirmed by Fabricio Pereira, Manager at Shell Costa Rica, to Elfinancierocr.com.
Pereira explained that "the agreement includes operation, marketing and sales in those countries, including Shell's strategic alliances. This deal also includes a clause to maintain the Shell brand in these countries".