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The European Commission has found that the proposed transaction as initially notified would have given rise to competition concerns in certain refined oil product markets in Portugal.
To resolve these competitive concerns related to the Portuguese market, Galp Energia proposed to divest a sea terminal, which also includes a liquefied petroleum gas (LPG) bottling plant, a storage facility for liquid fuels and LPG, and a blending plant for lubricants.
Additionally, Galp Energia undertook to divest certain Esso shareholdings in airport joint ventures and other assets for into-plane operations in Portuguese airports. The divestitures also include staff, customers and supply contracts.
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