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Notification of a concentration regarding the acquisition of assets and rights of K&K Total Ltd, Circleoffices Ltd και Golray Enterprises Ltd by Coral Energy Products Cyprus Ltd
18/11/2019


The Service of the Commission for the Protection of Competition announces that it has received notification of a concentration, in accordance with The Control of Concentrations between Enterprises Law of 2014, from Coral Energy Products Cyprus Limited (hereinafter «Coral Cyprus»), with respect to the acquisition of assets and rights of K&K Total Ltd (hereinafter «K&K»), Circleoffices Ltd (hereinafter «Circleoffices») and Golray Enterprises Ltd (hereinafter «Golray»).

Coral Cyprus is a limited liability company, duly registered under the laws of Cyprus. The company constitutes a subsidiary of Medprofile Ltd which belongs to the Motor Oil Hellas Group of Companies. Coral Cyprus is active in the sale / distribution of oil products and similar items through its network of petrol stations operating under the brand names «Lukoil» and «Shell». Since April 2019, Coral Cyprus is also active in the importation of unleaded gasoline 95 octanes, diesel LS and heating oil, as well as in the supply of unleaded gasoline 98 octanes, kerosene and agricultural oil.

K&K constitutes a limited liability company, duly registered under the laws of Cyprus. The company is active in the distribution / sale of oil products and similar items through its two petrol stations, in Paphos and Paralimni.

Circleoffices constitutes a limited liability company, duly registered under the laws of Cyprus. The company is active in the distribution / sale of oil products and similar items through its petrol station in Paphos.

Golray constitutes a limited liability company, duly registered under the laws of Cyprus. The company is active in the distribution / sale of oil products and similar items through its petrol station in Nicosia.

All four petrol stations belonging to the aforementioned target-entities operate under the brand name «Total Plus».








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