The Competition Commission, in its meeting dated 08.06.2023, imposed a fine of 5,000,000 (five million) lek on the company Gega Oil Group SHA, as a result of the non-notification within the deadline by the company Gega Oil Group SHA.A . of the concentration realized through the absorption merger of the company Gega Oil SHA by the company Genklaudis SHA.
Referring to the documentation filed with the Competition Authority, it is found that the transaction was not notified within the deadline defined in article 12, point 2 of law no. 9121, dated 28.07.2003 “On the protection of competition”.
From the evaluation of the documentation, the Competition Commission identified the fact that the companies participating in the transaction (Genklaudis SHA and Gega Oil SHA) have committed an administrative violation in the sense of Article 73 of Law no. 9121/2003, which is considered a minor violation.
After evaluating the effects that the transaction has brought on the relevant market, it was found that there is an overlap between the activities of the parties at the national level in the oil and gasoline market, but without significant effects on the structure of the relevant market due to the company’s small market share. absorbed.
For these reasons, the Competition Commission, with Decision no. 993, dated 08.06.2023 imposed a fine on the company GEGA OIL GROUP SHA, in the amount of 5,000,000 (five million) ALL, for not notifying within the deadline of the concentration realized through the merger by absorption of the company Gega Oil SHA from the company Genklaudis SHA.
In addition, please consult the official website of the Competition Authority at https://caa.gov.al.