{"id":47308,"date":"2023-09-24T18:03:14","date_gmt":"2023-09-24T18:03:14","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs"},"modified":"2023-09-24T19:14:53","modified_gmt":"2023-09-24T19:14:53","slug":"arcs-conditions-for-petromocs-purchase-of-miafs","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs","title":{"rendered":"ARC\u2019s conditions for PETROMOC\u2019s purchase of MIAFS"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Competition Regulatory Authority (ARC) adopted the decision not to oppose, but to condition, the operation, according to which, Petro\u0301leos de Moc\u0327ambique S.A (Petromoc) intends to exercise its pre-emptive right to acquire 50 percent of the capital shareholding held by BP Moc\u0327ambique, Limitada (BP Moc\u0327ambique), in the Maputo International Airport Fuelling Services Limitada (MIAFS), thus gaining control of all shares.<\/p>\n

Completion of this operation will change the structure of MIAFS\u2019s share capital, making Petromoc the sole partner, which places it in a dominant position, potentially creating obstacles to free competition, to the extent that a significant part of the aviation fuel storage infrastructure in Maputo will be under the control of a single operator.<\/p>\n

Given this situation, ARC instructs Petromoc to transfer 50 percent of its stake in MIAFS, within a period of no more than one year, with the aim of making the aviation fuel storage market less concentrated, leading to more competitive prices and greater choice for operators in the aircraft supply market, with a view to ensuring the maintenance of effective competition.<\/p>\n

\u201cThe transaction constitutes a horizontal concentration operation subject to prior notification to ARC, in light of the Competition Law,\u201d a note from ARC states.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Competition Regulatory Authority (ARC) adopted the decision not to oppose, but to condition, the operation, according to which, Petro\u0301leos de Moc\u0327ambique S.A (Petromoc) intends to exercise its pre-emptive right to acquire 50 percent of the capital shareholding held by BP Moc\u0327ambique, Limitada (BP Moc\u0327ambique), in the Maputo International Airport Fuelling Services […]<\/p>\n","protected":false},"author":84,"featured_media":47307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-47308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nARC\u2019s conditions for PETROMOC\u2019s purchase of MIAFS - Mozambique<\/title>\n<meta name=\"description\" content=\"The Competition Regulatory Authority (ARC) adopted the decision not to oppose, but to condition, the operation, accordin ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ARC\u2019s conditions for PETROMOC\u2019s purchase of MIAFS\" \/>\n<meta property=\"og:description\" content=\"The Competition Regulatory Authority (ARC) adopted the decision not to oppose, but to condition, the operation, accordin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-24T18:03:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-24T19:14:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1695569724.42862.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"884\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ARC\u2019s conditions for PETROMOC\u2019s purchase of MIAFS\",\"datePublished\":\"2023-09-24T18:03:14+00:00\",\"dateModified\":\"2023-09-24T19:14:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs\"},\"wordCount\":224,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/09\/sm_1695569724.42862.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/arcs-conditions-for-petromocs-purchase-of-miafs\",\"name\":\"ARC\u2019s conditions for PETROMOC\u2019s purchase of MIAFS - 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