- Viva Energy Retail Pty Ltd
- OTR 330 Pty Ltd; OTR 328 Pty Ltd; Reliable Petroleum Pty Ltd; Peregrine Energy Pty Ltd and DF Wholesalers Pty Ltd (together, the OTR Group)
Viva Energy Retail Pty Ltd (Viva Energy) proposes to acquire the entities which constitute the On the Run business (OTR Group).
Viva Energy (with its related bodies corporate) is a fuel refiner, importer, wholesaler, distributor and retailer, operating a nationwide fuel supply chain with retail sites in each Australian state and territory, including Coles Express convenience sites. Viva Energy is the exclusive supplier of Shell-branded fuels and lubricants in Australia.
The OTR Group is a fuel and convenience retailer operating predominantly in South Australia with some locations in other states and territories across Australia, including the Northern Territory under the Puma brand. The OTR Group also supplies wholesale fuels and distribution services to small commercial customers and independent retail fuel sites through the Reliable Petroleum, Mogas Regional and Ausfuel businesses.
The proposed acquisition will combine the entities’ retail fuel, wholesale fuel and retail convenience and grocery offerings.
On 16 November 2023, the ACCC commenced market consultation on a draft undertaking.
On 14 December 2023, the ACCC decided to not oppose Viva Energy’s proposed acquisition of OTR, subject to the ACCC accepting a court-enforceable undertaking from Viva Energy to divest 25 retail fuel and convenience sites in South Australia (24 in Adelaide and one in Ceduna) to Chevron Australia Downstream Fuels Pty Limited and Chevron Australia Downstream Stores Pty Ltd.
The ACCC will release a Public Competition Assessment in due course.
ACCC commenced informal review under the Informal Merger Review Process Guidelines.
Closing date for submissions.
Timeline suspended pending receipt of information from the parties. Former provisional date for announcement of ACCC's findings (21 September 2023) is delayed. The ACCC will announce a proposed decision date in due course.
ACCC commenced consultation on the divestiture proposal.
Closing date for submissions on the divestiture proposal.
ACCC announced it would not oppose the proposed acquisition, subject to a section 87B undertaking accepted by the ACCC.