12:53 18.01.2016

AMC declines to consider appeal of Swiss Glusco Energy on buying Rosneft chain in Ukraine

1 min read
AMC declines to consider appeal of Swiss Glusco Energy on buying Rosneft chain in Ukraine

The Antimonopoly Committee of Ukraine (AMC) has declined to consider the appeal of Swiss-based Glusco Energy S.A. on the purchase of the Rosneft network of fuel filling stations in Ukraine, the AMC press service has told Interfax-Ukraine.

"On January 11, 2016 the AMC received an appeal from Glusco Energy S.A. on granting permission for concentration, which was left without consideration," reads the report.

The AMC has not clarified the reasons for which it made such a decision.

As reported, the Rosneft network of fuel filling stations in Ukraine includes 141 objects in 12 regions, operating under the brands of Formula, TNK, Gold Cheetah (Zoloty Hepard), and Smile.

Glusco Energy S.A. is part of Proton Energy Group S.A. (Switzerland), an oil and petroleum products trader. In Ukraine the company's activity is based on diesel fuel supply via seaports. According to preliminary data, in 2015 Proton Energy supplied about 500,000 tonnes of diesel fuel to Ukraine. The global trade turnover of Proton Energy is about 3.5 million tonnes per year.

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