The Service of the Commission for the Protection of Competition has received a notification of a concentration, according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of the share capital of Blue Circle Engineering Ltd by the group of companies Hellenic Petroleum ΑΕ, via Hellenic Petroleum Cyprus Holding (HPCH) Ltd.
Hellenic Petroleum SA is a trading and industrial group active in the energy sector in Greece and Southeastern Europe. The activities of the group include the supply, refining and trading of petroleum products in Greece and abroad, retail sale of petroleum products in Greece and abroad, production and trade of chemicals / petrochemicals, research and production of hydrocarbons, production and trade of electricity, production and trade of renewable energy sources and transportation of crude oil and products (pipelines, maritime transport).
Hellenic Petroleum Cyprus Holding (HPCH) Ltd, a subsidiary of Hellenic Petroleum SA, is a company duly registered under the laws of the Republic of Cyprus. Hellenic Petroleum Cyprus Holding (HPCH) Ltd is a holding company with the purpose of investing in companies in Cyprus on behalf of the Hellenic Petroleum SA group.
Blue Circle Engineering Ltd is a company duly registered under the laws of the Republic of Cyprus and its main activities are the supply/ distribution of LPG in bulk, the mechanical design of LPG systems, the sale and installation of LPG systems and relevant equipment and the sale and installation of heating and cooling systems which use LPG as an energy source.