Following this transaction, Valtec Premium Lubricants S.R.L. will be jointly owned by Valtec B.V. and Repsol Downstream Internacional S.A.U.
Spain’s Repsol Downstream Internacional S.A.U. is part of the Repsol Group, which operates in the exploration, development and production of crude oil and natural gas, refining, production, transport and sale of petroleum and petrochemical products, oil derivatives, natural gas and biofuels, as well as in the generation and sale of electricity. Repsol Group is active in Romania via three of its subsidiaries, which generate local revenues.
Valtec B.V., the Netherlands, specializes in market research and opinion polling, as well as in providing consulting and advisory services in sales and marketing related to the trade of petroleum products, lubricants, chemical products, paper and related goods.
Valtec Premium Lubricants S.R.L. operates in the field of automotive and industrial lubricants. The company’s portfolio also includes ancillary products such as professional hand hygiene solutions and personal protective equipment.
Following its analysis, the Competition Council found that the transaction does not raise significant obstacles to effective competition on the Romanian market or a substantial part thereof, and that there are no serious doubts regarding its compatibility with a normal competitive environment.
The decision will be published on the website of the national competition authority after the removal of confidential information.