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08.05.2024 | 🇳🇱 Dutch competition authority
The ACM is looking into the acquisition of Dutch oil company Oliehandel Klaas de Boer by rival FincoEnergies due to concerns that it could result in FincoEnergies becoming the sole supplier of marine fuel in many Dutch ports, potentially leading to higher prices or reduced services for buyers.
Both companies have a strong presence in northern Dutch ports and supply marine gas oil to various business customers, including fishermen, ferryboats, and marine towing service providers. The acquisition may limit the options for buyers who are 'bound' to specific ports for their marine gas oil needs.
ACM's market study indicates that there are limited alternatives for 'port-bound buyers' in the northern ports, raising concerns about potential price increases and reduced competition. Further investigation will be conducted to assess the impact of the acquisition on the market.
ACM evaluates acquisitions to ensure that sufficient competition remains in the market post-transaction, as competition is essential for maintaining product quality, competitive pricing, and fostering innovation. The decision to allow mergers is based on whether they will have negative effects on competition, prices, quality, and innovation, ultimately aiming to protect consumers and ensure market efficiency.
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