Balkan Petroleum submitted documentation on Makpetrol takeover to KZK – Macedonia, 19 August 2016

The UK based Balkan Petroleum has submitted information on market concentration to Macedonian Commission for Competition Protection (KZK) in its ongoing effort to takeover the country’s largest fuel retailer Makpetrol.
Makpetrol owns 120 petrol stations in Macedonia, which is by far the largest retail fuel network in the country, and is also a major natural gas importer. A few moths ago, Balkan Petroleum started offering to Makpetrol’s shareholders, many of which are current and former company’s employees, significantly higher bids for their shares. Long standing Makpetrol’s management is trying to fight off the bids, mostly through a negative media campaigned aimed at the UK based company.

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