By: Business Editor
Jordan Daily – Ministry of Industry, Trade and Supply has approved Vivo Energy Holding B.V.’s acquisition of 100% of TotalEnergies Marketing Jordan, the ministry said on Thursday.
The ministry said the deal was reviewed in line with the Competition Law, with the Competition Directorate assessing its potential impact on market structure and supply and demand dynamics in the local petroleum products sector.
Industry and Trade Minister issued the approval under Article 11/A/1 of Competition Law No. 33 of 2004 and its amendments, the ministry said.
The study concluded the transaction would not create or strengthen a dominant position harmful to competition or significantly alter the structure of the fuel marketing market in Jordan.
The ministry added the deal is expected to support market stability and enhance competition through improved operational efficiency, service quality and geographic expansion, benefiting consumers.
