The Service of the Commission for the Protection of Competition received, according to Section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), a notification of a proposed concentration on behalf of Lambros Overseas SA and OSJC Alliance Group concerning the acquisition of the share capital of Alliance Oil Company Ltd, through Alford Financial Ltd .
Lambros Overseas SA is a holding company and its subsidiaries operate in various sectors, including oil trading.
OSJC Alliance Group activities relate solely to Russia and include investment, construction, a ceramics factory and two printing and publishing companies.
Alford belongs to the company Geltome Ltd. Both companies were created for the purposes of this concentration. Geltome Ltd belongs indirectly to OSJC Alliance Group and to Lambros Overseas SA.
Alliance Oil Company Ltd is a company listed on the Stockholm Stock Exchange. It is a production and exploitation of oil and gas, with operations in Russia and Kazakhstan.