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Pétrocal et Sermodis NC's move on Mobil assets reviewed by New Caledonia's watchdog

( October 7, 2025, 23:59 GMT | Official Statement) -- MLex Summary: The bid by SAS Pétrocal et Sermodis NC to acquire assets held by Mobil International Petroleum Corporation in New Caledonia is the subject of a review by the French Pacific territory’s antitrust regulator. In a statement, the Autorité de la concurrence de la Nouvelle-Calédonie said it would examine the transaction, setting Oct. 22 as the deadline for submissions. The watchdog described its probe as a “phase 1” review, referring to the sector as “the distribution of petroleum products” in Nouméa. The ACNC hasn’t provided further details about the transaction.  The merger notice is attached and the statement follows: ...

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