ACSA
The Airports Company South Africa has been given the green light to acquire the assets of bpSA at the airports in George and East London.
The Competition Commission said it had “unconditionally approved” the government entity's application to buy the fuel supply assets of BP at George Airport, and King Phalo Airport in East London.
Commission spokesperson, Siyabulela Makunga, said ACSA, does not engage in aviation fuel supply activities but is responsible for appointing an operator at these sites.
He said bpSA leased the relevant premises at these two airports from ACSA, where it installed all immovable assets and purchased the movable assets required to operate the sites which now comprise the target assets.
“The Commission found that the proposed transaction is unlikely to result in substantial prevention or lessening of competition in any relevant markets,” Makunga added.
Hess said the Competition Commission further found that the proposed transaction does not raise any public interest concerns.
