Vivo to cooperate with Moroccan authority regarding fuel investigation
JSE-listed Vivo Energy has confirmed that its subsidiary in Morocco has received a report from the investigators in charge of the Conseil de la Concurrence’s (CdC’s) ongoing review of the competitive dynamics of the Moroccan fuel retailing industry.
Based on the procedures specified in the rules, Vivo Energy Maroc will have the opportunity to make further submissions to the CdC over the next two months before the report is submitted to the CdC board for review and a formal judgment on the matter.
Vivo on Thursday said it believes Vivo Energy Maroc has “at all times conducted its operations in accordance with applicable competition laws, rules and regulations”.
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