Circle K’s purchase of Pelco stations in Ireland under investigation

After a preliminary investigation, the CCPC has stated that the proposed offer could result in damaging competition across Ireland.

Ireland’s Competition and Consumer Protection Commission (CCPC) is to carry out a full investigation into Circle K’s proposal to acquire Pelco Holdings Limited’s nine service stations.

The proposed deal, which was submitted to the CCPC in July 2024, has raised concerns about its potential impact on competition in the country. After conducting an initial investigation, the entity has decided to proceed with a more in-depth review to determine whether the acquisition could lead to a significant reduction in competition within the Irish market.

As per competition law, the CCPC is required to examine certain mergers and acquisitions to prevent any harmful effects on market competition.

Circle K Ireland Holding Limited is a key player in the retail sale of motor fuels in Ireland, operating service stations, forecourt convenience stores, and general convenience stores nationwide. If the acquisition goes through, it would increase Circle K’s network to 419 outlets across the country.

The retailer currently operates 168 locations and works with a dealer partner network comprising 242 sites.