The CCPC has approved Maxol's acquisition of Naas Fuels, a deal that was notified in December 2023 and underwent a full investigation to assess its impact on competition in the State.

Maxol Limited, a subsidiary of McMullan Bros. Limited, focuses on selling oil and petroleum products and operates a network of 243 Maxol-branded retail motor fuel service stations across Ireland. Naas Fuels Limited owns and runs seven Circle K-branded retail motor fuel service stations.

The CCPC evaluated the potential effects of the acquisition on competition in markets like retail motor fuel sales and forecourt convenience stores in areas served by both Maxol and Naas Fuels. After analysis, the CCPC concluded that the deal would not significantly reduce competition and can proceed.

The CCPC will release its full decision on the acquisition within 60 working days, ensuring any confidential information is appropriately handled. More details on the merger notification can be accessed using reference M/23/068.