You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Bulgarian drug distributor Bulpharma seeks antitrust nod to acquire N Auto Sofia

Bulgarian drug distributor Bulpharma seeks antitrust nod to acquire N Auto Sofia Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

SOFIA (Bulgaria), June 29 (SeeNews) - Bulgaria's Commission for Protection of Competition (CPC) said that local pharmaceuticals distributor Bulpharma is seeking its approval to acquire automotive dealer N Auto Sofia from Auto Union.

Interested parties have until July 2 to file with the competition authority their statements regarding the transaction, the CPC said in a statement published on Friday.

Bulpharma's most recent financial report filed with the commercial register showed that the Bulpharma group consisted of 27 companies at the end of 2018, including the parent company. The list includes companies active in the sectors of healthcare, transportation, real estate and hospitality.

At the end of 2018, Bulpharma owned several hospitals in the country, including Sofia-based hospital Sofiamed and Plovdiv-based hospital Pulmed, five pharmacy stores, construction company Zavodski Stroezhi-PS-Pazardzhik, Pazardzhik-based public transport company Heburbus as well as Sofia-based hotel operator Silver Hotel.

Bulpharma was 98.02%-owned by private individual Mihail Tikov at the end of 2018, the financial statement also showed.

N Auto Sofia, established in 2003, is an authorised dealer of Nissan automobiles and spare parts in Bulgaria, according to information published on its website.

Peshtera-based Bulpharma distributes medicinal products, medical devices and nutritional supplements to hospitals, pre-hospital and medical centers, as well as external pharmacies and has its own logistics center, located in the second-largest city of Plovdiv. The company employs over 3,000 people, works with six hospitals and seven polyclinics, and has majority shares in 31 companies, information published on its website showed.

(1 euro = 1.95583 levs)