The Competition Authority (AdC) gave the green light to the DISA group, Shell's representative in the Iberian market, to buy Prio, with 247 gas stations in Portugal, a storage terminal and a biodiesel factory in Aveiro.
The decision not to oppose the merger, notified on August 28 by DISA, was taken on Tuesday by the Board of Directors of the AdC, and published in a notice on its website.
With this purchase, the DISA group becomes the fourth largest operator in Portugal, with a 10% market share, behind Galp, BP and Repsol.
The merger, according to the AdC notice, consists of the acquisition by DISA of the 'exclusive control' of Prio, and its subsidiaries, currently owned by the Corporate Restructuring Fund managed and represented by Oxy Capital - Venture Capital Fund Management Company .
It was on August 21 that the Spanish group DISA and the investment fund Oxy Capital announced, in a statement, that they had reached an agreement for the purchase and sale of Prio, but without disclosing the value of the deal.
"The integration of Prio in the DISA Group guarantees the continuity of all activities that the Portuguese company has developed to date, since the Spanish company assumes the contractual commitments in force with all its customers and suppliers", said at the time in a statement.
The Spanish group also ensured the integration of the 700 workers of the Portuguese companies that it now acquires, with a team of 4.500 people.