July 11 (SeeNews) - Allianz Bulgaria Holding is seeking anti-trust approval to acquire the remaining stake it does not own in its majority-owned unit Allianz Leasing Bulgaria, competition regulator data, published on Thursday, shows.
The acquisition is not expected to have an effect on competition on the local market, a notice published on the Commission for Protection of Competition's website reads.
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Interest parties have until July 18 to submit their statements to the competition authority regarding the deal.
According to the latest available commercial register data, Allianz Bulgaria Holding held a 51% stake in Allianz Leasing Bulgaria at the end of 2017, while the remaining 49% were owned by Austria-based VHO Holding.