Windhoek: Nasan Energies is entering the final stages of acquiring 52 business units, a move that will position the firm to become one of Namibia's first major locally owned oil marketing companies. The company engaged with the public regarding its purchase of the divestiture business from Vivo Energy and Engen Namibia during a stakeholder conference held in Windhoek on Tuesday.According to Namibia Press Agency, the transaction stems from a 2023 regulatory mandate requiring Vivo Energy to sell a portion of its retail assets to ensure market competition. Nasan Energies was selected as the preferred bidder in September 2025 following an evaluation of technical expertise and financial proposals."This gathering intends to restore and maintain competitive advantage in the market. It therefore calls on us to assess whether the intended outcome and safeguarding of competition in the market will in fact be achieved," Namibian Competition Commission CEO, Vitalis Ndalikokule, said. The Namibian Competition Commissi on's director of mergers and acquisitions, Johannes Ashipala, noted that preliminary findings were based on data from competitors, dealers, and the public. He stated that interested parties have 30 days to share additional information before a final decision is reached.Nasan Energies MD Jean-Blaise Ollomo reported on progress made since the initial sales agreement. The company has finalised its retail identity and implemented a new SAP S/4HANA Cloud platform to manage operations. "Nasan has achieved several significant milestones in advancing its retail and operational strategy. The company has finalised its new retail visual identity and commenced production of Nasan-branded materials across its network," Ollomo said.The company also confirmed the conclusion of contract negotiations with its main fuel supplier. Co-founder Sean Tobias stated that the commission's conditions prioritised local ownership in an industry traditionally led by foreign entities. "This is a significant milestone, the conditions se t by the commission allowed for and prioritised local ownership in an industry traditionally dominated by foreign entities," said Tobias.