{"id":7008,"date":"2018-02-28T00:00:59","date_gmt":"2018-02-28T00:00:59","guid":{"rendered":"https:\/\/www.olartemoure.com\/?p=7008"},"modified":"2018-02-23T20:30:32","modified_gmt":"2018-02-23T20:30:32","slug":"colombia-authorizes-sale-of-exxonmobil-lubricant-business-to-terpel-but-confirms-conditions-in-fuel-business","status":"publish","type":"post","link":"https:\/\/olartemoure.com\/en\/colombia-authorizes-sale-of-exxonmobil-lubricant-business-to-terpel-but-confirms-conditions-in-fuel-business\/","title":{"rendered":"Colombia authorizes sale of ExxonMobil lubricant business to Terpel, but confirms conditions in fuel business"},"content":{"rendered":"

On February 16, 2018 \u2013and further to previous news on the subject<\/a>-, the Colombian Antitrust Authority (SIC in Spanish) authorized the sale of the lubricants business from ExxonMobil to Terpel.<\/p>\n

However,\u00a0decided to confirm its purchase objection between Terpel and ExxonMobil (related to the fuel sales business)<\/a>, thereby authorizing the transient transfer of the fuel business from the second firm to a third-party acquirer (which interveners will have no relationship), who will be responsible for the later sale of the fuel business, to guarantee the preservation of effective competition.<\/p>\n

The Acquirer of ExxonMobil stations will have to comply with the requirement of having proven experience in the development of activities in the fuel business.\u00a0 The transition cannot be longer than 9 months, where the final purchaser will be determined.<\/p>\n","protected":false},"excerpt":{"rendered":"

On February 16, 2018 \u2013and further to previous news on the subject-, the Colombian Antitrust Authority (SIC in Spanish) authorized the sale of the lubricants business from ExxonMobil to Terpel. However,\u00a0decided to confirm its purchase objection between Terpel and ExxonMobil (related to the fuel sales business), thereby authorizing the transient transfer of the fuel business […]<\/p>\n","protected":false},"author":1,"featured_media":6996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[47,54],"tags":[],"class_list":["post-7008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-competition-law"],"yoast_head":"\nColombia authorizes sale of ExxonMobil lubricant business to Terpel, but confirms conditions in fuel business - OlarteMoure | Intellectual Property<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/olartemoure.com\/en\/colombia-authorizes-sale-of-exxonmobil-lubricant-business-to-terpel-but-confirms-conditions-in-fuel-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colombia authorizes sale of ExxonMobil lubricant business to Terpel, but confirms conditions in fuel business\" \/>\n<meta property=\"og:description\" content=\"On February 16, 2018 \u2013and further to previous news on the subject-, the Colombian Antitrust Authority (SIC in Spanish) authorized the sale of the lubricants business from ExxonMobil to Terpel. However,\u00a0decided to confirm its purchase objection between Terpel and ExxonMobil (related to the fuel sales business), thereby authorizing the transient transfer of the fuel business […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/olartemoure.com\/en\/colombia-authorizes-sale-of-exxonmobil-lubricant-business-to-terpel-but-confirms-conditions-in-fuel-business\/\" \/>\n<meta property=\"og:site_name\" content=\"OlarteMoure | Intellectual Property\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-28T00:00:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/olartemoure.com\/wp-content\/uploads\/2018\/02\/180222-Gasoline.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/colombia-authorizes-sale-of-exxonmobil-lubricant-business-to-terpel-but-confirms-conditions-in-fuel-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/colombia-authorizes-sale-of-exxonmobil-lubricant-business-to-terpel-but-confirms-conditions-in-fuel-business\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/#\\\/schema\\\/person\\\/d3c1a99aa6e1d8fc8bb6a5c4dee16807\"},\"headline\":\"Colombia authorizes sale of ExxonMobil lubricant business to Terpel, but confirms conditions in fuel business\",\"datePublished\":\"2018-02-28T00:00:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/colombia-authorizes-sale-of-exxonmobil-lubricant-business-to-terpel-but-confirms-conditions-in-fuel-business\\\/\"},\"wordCount\":141,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/colombia-authorizes-sale-of-exxonmobil-lubricant-business-to-terpel-but-confirms-conditions-in-fuel-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/olartemoure.com\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/180222-Gasoline.jpg\",\"articleSection\":[\"News\",\"Competition Law\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/colombia-authorizes-sale-of-exxonmobil-lubricant-business-to-terpel-but-confirms-conditions-in-fuel-business\\\/\",\"url\":\"https:\\\/\\\/olartemoure.com\\\/en\\\/colombia-authorizes-sale-of-exxonmobil-lubricant-business-to-terpel-but-confirms-conditions-in-fuel-business\\\/\",\"name\":\"Colombia authorizes sale of ExxonMobil lubricant business to Terpel, but confirms conditions in fuel business - 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