The EC referred to French Competition Authority review of the acquisition of the company Totalgaz SAS (hereinafter "Totalgaz"), a subsidiary of the Total group, by UGI France, the parent company of Antargaz. Antargaz and Totalgaz are both present in France on the markets for bottled LPG, fuel LPG and LPG sold in mini-bulk (for filling private tanks) as well as in intermediate and large-bulk (for filling professional tanks).
After a detailed assessment, the Authority found that the merger would significantly strengthen Antargaz's presence at a national level on the intermediate and large-bulk LPG market. On the mini-bulk LPG markets, the new entity would hold a particularly high market share in eleven local areas. The Authority likewise observed that competing LPG distributors would not be in a position to exert sufficient competitive pressure to constrain the new entity's behavior, in particular in relation to price.
The new entity has agreed to certain conditions as stipulated by the Authority to regulate the competition.