The Georgia Competition and Consumer Protection Agency has approved the concentration, which will be implemented through the formation of a joint venture in the retail and wholesale trade of petroleum products by LLC "Repsol", LLC "Portal", and LLC "Exas".
According to the received and processed materials, the national retail market volume in 2023 was 1,397,855 thousand liters, with 383 businesses operating in the retail market and 1,211 gas stations.
Market concentration index Herfindahl-Hirschman index HHI=1,132, which is an indicator of a low concentration market. As a result of concentration, the Herfindahl-Hirschman index is HHI=1 163, index change ΔHHI=31.
In 2023, the relevant market's import concentration index (HHI index) was 1,167 units. After the the implementation of the concentration, taking into account the amount of fuel imported by the target and connected industries in 2023, the concentration index is predicted to rise by 18 units to 1,185. As a result, the planned concentration has no substantial impact on the relevant market's concentration index.
For information: According to the legislation, the Agency must be fully notified in advance in writing regarding the concentration if the individual and joint income of the participating party/parties in the fiscal year preceding the implementation of the concentration in Georgia exceeds the threshold amount established by the rules for submitting and reviewing the notification regarding the concentration.
In 2024, the Competition and Consumer Agency of Georgia approved 3 concentrations.
