Bulgarian antitrust body to probe Sportland's deal for Prima Magna

Given that there is no overlap of the activities of privately-owned Recocycling and the companies in its group with the markets in which Sportland and its group operate, the transaction is not expected to have an impact on competition in Bulgaria, the Commission on Protection of Competition said in a notice.

Interested third parties can submit comments on the notified deal within the next seven days, the regulator added without providing further details about the transaction.

Prima Magna Group's registered share capital amounts to some 11.2 million levs ($6.1 million/5.7 million euro).

Recocycling, based in Dolna Banya, near Sofia, is part of a group of companies owned by private businessman Dimitar Popov. In 2021, Recocycling acquired Prima Magna Group, which was created from the Targovishte-based battery manufacturing unit of Luxembourg-based EnerSys Holdings, according to documents published in the commercial registry.

(1 euro = 1.95583 levs)