Bosnia's Bingo seeks nod to acquire brewer Pivara Tuzla

Bosnia's Bingo seeks nod to acquire brewer Pivara Tuzla Sidarta/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), April 16 (SeeNews) - Bosnia's largest retailer Bingo has applied to the country's competition authority for permission to acquire local company RK Invest, which holds an 82.6% stake in brewer Pivara Tuzla, the competition authority said.

The acquisition will have an effect on the market for the production and wholesale of beer and soft drinks, the competitions authority said in a statement last week.

It also called on all interested business entities acting on the relevant market, or markets, on which the concentration could have an effect, to submit their position on the deal.

Bingo boosted its footprint on the retail trade and consumer goods market in Bosnia in 2014 when it acquired retail units from French peer Intermarche, which operated under the Interex brand in the Balkan state.

Tuzla-based Bingo controls some 42% of Bosnia's retail market and employs over 6,000 people.

Tuzla is located in the Federation - one of the two autonomous entities that form Bosnia and Herzegovina.

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