You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Allianz Bulgaria Holding gets green light to buy remaining 49% of Allianz Leasing

Author Mario Tanev
Allianz Bulgaria Holding gets green light to buy remaining 49% of Allianz Leasing Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), July 30 (SeeNews) - Bulgaria's Commission for Protection of Competition said that Allianz Bulgaria Holding does not need anti-trust approval to acquire the remaining 49% of Allianz Leasing Bulgaria, as it is already the company's majority owner.

Allianz Bulgaria Holding intends to acquire 3.04 million shares in Allianz Leasing Bulgaria from Austria-based VHO Holding, the competition regulator said in its decision last week.

The share purchase agreement between the two companies was signed on June 17.

The price of the transaction was not disclosed.

The competition regulator's decision can be challenged before the Sofia Administrative Court within 14 days of its publication date - July 26.

Compare