Fuel trader AS Virši-A has notified the Competition Council of a planned transaction to acquire long-term lease rights to 19 fueling stations currently operating under the name Astarte, owned by Naftimpeks.
Expansion Plans
If approved by the Competition Council, the stations will gradually transition to operate under the Virši brand, offering the full range of Virši services. This move could increase the Virši fuel station network from its current 84 locations to a potential 103 stations – a growth of more than 20%.
Ivars Blumbergs, Chairman of the Board of Naftimpeks, stated that the cooperation is focused on benefits for customers, including wider coverage and more convenient service. He likewise emphasized the importance of the partnership being between two local companies with shared values.
The implementation of this planned transaction is contingent upon assessment and a final decision by the Competition Council.
Frequently Asked Questions
What is Virši-A planning to do?
Virši-A plans to acquire long-term lease rights to 19 fueling stations currently owned by Naftimpeks under the name Astarte.
What does Naftimpeks say about the deal?
Ivars Blumbergs, Chairman of the Board of Naftimpeks, said the cooperation is centered on customer benefits and is between two local companies.
What needs to happen before the deal is final?
The planned transaction is subject to the assessment and decision of the Competition Council.
How might changes in fuel station ownership impact drivers in Latvia?
