The Norwegian Competition Authority has imposed a fine of NOK 3 million on St1 Norge AS for breach of disclosure requirements when it took control over a petrol station belonging to a competing chain.
Europe St1 Norge AS
In July 2018, St1 Norway signed an agreement to lease the Best Kyrksæterøra petrol station in Heim municipality in Mid-Norway. The deadline for informing the Competition Authority about the transaction expired three working days after the final agreement was concluded. St1 Norway informed the Authority of the agreement on 14 January 2019.
The Norwegian Competition Authority has imposed disclosure requirements on the largest motor fuel retailers obliging them to inform the Authority about transactions whereby they take control over competing petrol stations.