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Statoil expands in Denmark

Statoil is continuing its expansion in the Nordic petrol distribution market, and has now announced that it has acquired the Danish company Haahr Benzin.

Statoil is continuing its expansion in the Nordic petrol distribution market, and has now announced that it has acquired the Danish company Haahr Benzin.

This means that Statoil now has a 17 per cent share of the petrol station market, and is the secons largest petrol distributor in Denmark.

Danes now have a choice of a total of 330 Statoil petrol stations, according to a Danish Statoil press release.

Haahr Benzin and Danish Statoil have over the past two years carried out a strong price war which has reduced earnings, according to Jyllands-Posten.

The sale needs approval by the Danish competition authorities.

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