North Macedonia's fuel storage and transport company Oilko KDA [MSE:OILK] has asked for approval to launch a takeover bid for local fuel retailer Makpetrol A.D., North Macedonia's Commission for Protection of Competition (CPC) said. The public can submit comments on the proposed transaction within ten days from the announcement, the CPC said in a notice. Oilko KDA plans to launch an offer to buy the remaining shares it does not already own in Makpetrol for a price of MKD 67,001 ($1,187/EUR 1,093) per share, it said in December.

Oilko KDA currently holds a 28.2% stake in Makpetrol. Makpetrol's shares last traded at an average price of MKD 64,829 on the Macedonian Stock Exchange on January 24, 2024, latest bourse data showed. Oilko's shares have not changed hands in regular trading on the MSE in the past year.